  # Five Measures of Solvency or ProfitabilityThe balance sheet for Garcon Inc. at the end of the current fiscal year indicated the followingBonds payable, 7%Preferred \$10 stock, \$50 parCommon stock, \$6 parIncome before income tax was \$324,800, and income taxes were \$49,250 for the current year. Cash dividends paid on common stock during the current year totaled \$77,655. The common stock was selling for \$300 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 ratiob. Earnings per share on common stockC. Price-earnings ratiod. Dividends per share of common stocke. Dividend yield\$1,600,00083,50062,124.00times

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I'm having trouble solving this problem. Thanks! help_outlineImage TranscriptioncloseFive Measures of Solvency or Profitability The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following Bonds payable, 7% Preferred \$10 stock, \$50 par Common stock, \$6 par Income before income tax was \$324,800, and income taxes were \$49,250 for the current year. Cash dividends paid on common stock during the current year totaled \$77,655. The common stock was selling for \$300 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 b. Earnings per share on common stock C. Price-earnings ratio d. Dividends per share of common stock e. Dividend yield \$1,600,000 83,500 62,124.00 times fullscreen
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Step 1

(a) Determine the times interest earned ratio:

Step 2

(b) Determine the Earnings per share on common stock:

Step 3

(c) Determine the price earnings ratio:

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