1. Working capital	$
2. Current ratio
3. Quick ratio
4. Accounts receivable turnover
5. Number of days' sales in receivables		days
6. Inventory turnover
7. Number of days' sales in inventory		days
8. Ratio of fixed assets to long-term liabilities
9. Ratio of liabilities to stockholders' equity
10. Number of times interest charges are earned
11. Number of times preferred dividends are earned
12. Ratio of net sales to assets
13. Rate earned on total assets		%
14. Rate earned on stockholders' equity		%
15. Rate earned on common stockholders' equity		%
16. Earnings per share on common stock	$
17. Price-earnings ratio
18. Dividends per share of common stock	$
19. Dividend yield		%

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 $69 on December 31, 2014.

Blige Inc.

Comparative Retained Earnings Statement

For the Years Ended December 31, 2014 and 2013

2014

2013

Retained earnings, January 1

$2,423,450

$2,048,350

Add net income for year

577,600

419,600

Total

$3,001,050

$2,467,950

Deduct dividends

On preferred stock

$9,100

$9,100

On common stock

35,400

35,400

Total

$44,500

$44,500

Retained earnings, December 31

$2,956,550

$2,423,450

Blige Inc.

Comparative Income Statement

For the Years Ended December 31, 2014 and 2013

2014

2013

Sales

$3,471,630

$3,193,900

Sales returns and allowances

17,270

11,230

Net sales

$3,454,360

$3,182,670

Cost of goods sold

1,357,800

1,249,180

Gross profit

$2,096,560

$1,933,490

Selling expenses

$655,870

$847,030

Administrative expenses

558,710

497,460

Total operating expenses

1,214,580

1,344,490

Income from operations

$881,980

$589,000

Other income

46,420

37,600

$928,400

$626,600

Other expense (interest)

272,000

149,600

Income before income tax

$656,400

$477,000

Income tax expense

78,800

57,400

Net income

$577,600

$419,600

Blige Inc.
Comparative Balance Sheet
December 31, 2014 and 2013
			Dec. 31, 2014		Dec. 31, 2013
Assets
Current assets
	Cash		$867,420		$532,040
	Temporary investments		1,312,850		881,670
	Accounts receivable (net)		686,200		642,400
	Inventories		511,000		394,200
	Prepaid expenses		164,107		106,410
		Total current assets	$3,541,577		$2,556,720
Long-term investments			1,258,178		313,177
Property, plant, and equipment (net)			3,740,000		3,366,000
Total assets			$8,539,755		$6,235,897
Liabilities
Current liabilities			$1,073,205		$832,447
Long-term liabilities
	Mortgage note payable, 8%, due 2019		$1,530,000		$0
	Bonds payable, 8%, due 2015		1,870,000		1,870,000
		Total long-term liabilities	$3,400,000		$1,870,000
Total liabilities			$4,473,205		$2,702,447
Stockholders' Equity
Preferred $0.70 stock, $40 par			$520,000		$520,000
Common stock, $10 par			590,000		590,000
Retained earnings			2,956,550		2,423,450
	Total stockholders' equity		$4,066,550		$3,533,450
Total liabilities and stockholders' equity			$8,539,755		$6,235,897

Required:

Determine the following measures for 2014, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year.