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Five Measures of Solvency or Profitability The balance sheet for Bearing Industries Inc. at the end of the current fiscal year indicated the following: Bonds payable, 10% $1,600,000 Preferred $10 stock, $50 par 99,000 Common stock, $6 par 92,070 Income before income tax was $384,000, and income taxes were $57,300, for the current year. Cash dividends paid on common stock during the current year totaled $110,484. The common stock was selling for $240 per share at the end of the year. Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required. a. Times interest earned ratio times b. Earnings per share on common stock C. Price-earnings ratio 4. d. Dividends per share of common stock X e. Dividend yield X % Feedback Check My Work a. Divide the sum of income before income tax plus interest expense by interest expense Interest equals the bond payable amount times the interest rate on the bonds b. Divide net income (which is income before taxes less income taxes) minus preferred dividends by common shares outstanding (common stock + par value) c. Divide common market share price (or selling price at the end of the year) by common earnings per share (from requirement c) d. Divide common dividends by common shares outstanding (common stock + par value) Previous Check My Work Email Instructor Save and Exit Submit Assignment for Grading