Question: Can someone please help me with problems 12-17. Nineteen Measures of Solvency and Profitability The comparative financial statements of Blige Inc. are as follows. The
Nineteen Measures of Solvency and Profitability The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $58 on December 31, 2016. Blige Inc Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 Retained earnings, January 1 Add net income for year Total Deduct dividends $1,658,325 374,400 $2,032,725 $1,402,175 287,200 $1,689,375 $12,600 18,450 $31,050 $2,001,675 $12,600 18,450 $31,050 $1,658,325 On preferred stock On common stock Total Retained earnings, December 31
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