NOW2 Online teachinx + Assignment/takeAssignment Main doinvokeretakeAssignmentSessionLocator=&inprogress-false eBook Five Measures of Solvency or Profitability The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following: Bonds payable, $5,000,000 Preferred 4 stock, 550 por 2,500,000 Common stock, 10 per 5,000,000 Income before income tax expense was 53,000,000, and income taxes were $1,200,000 for the current year. Cash divides paid on common stock during the current year totale $1,200,000. The common stick wassering for 532 per here the end of the year. Determine the theolowing. Round to one decimot plece, except for color amounts which should be rounded to the nearest whole cent. Use the rounded wers to rementsir 0.5 times ting on to 26 3 ce or common stock 24 760 c 5. 6 7 8 9 U P f NOW2 Online teachinx + Assignment/takeAssignment Main doinvokeretakeAssignmentSessionLocator=&inprogress-false eBook Five Measures of Solvency or Profitability The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following: Bonds payable, $5,000,000 Preferred 4 stock, 550 por 2,500,000 Common stock, 10 per 5,000,000 Income before income tax expense was 53,000,000, and income taxes were $1,200,000 for the current year. Cash divides paid on common stock during the current year totale $1,200,000. The common stick wassering for 532 per here the end of the year. Determine the theolowing. Round to one decimot plece, except for color amounts which should be rounded to the nearest whole cent. Use the rounded wers to rementsir 0.5 times ting on to 26 3 ce or common stock 24 760 c 5. 6 7 8 9 U P f