(38 points - 2 points each) Using the financial statements inProb 17-4Bon at end of chapter 17, show your work and solve all 19 measures of solvency and profitability as indicated in the problem instructions.Number each analysis and Show all work for partial credit!

1. Working capital

2. Current ratio

3. Quick ratio

4. Accounts receivable turnover

5. Number of days' sales in receivables

6. Inventory turnover

7. Number of days' sales in inventory

8. Ratio of Fixed assets to long-term liabilities

9. Ratio of liabilities to stockholders' equity

10. Number of times interest charges earned

11. Number of times preferred dividends earned

12. Ratio of nets sales to assets

13. Rate earned on total assets

14. Rate earned on stock- holders' 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

Problem 17-4B The comparative financial statements of Chattah INC. are as follows. The market price of Chattah Inc. Common stock was $25 on December 31, 2012. Chattah Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2011 Retained earnings, January 1 Add net income for year Total Deduct dividends: On preferred stock On common stock Total Retained earnings, December 31 2012 1,646,120 847,00 0 2,493,120 2011 976,120 850,000 1,826,120 30,000 150,000 180,000 2,313,120 30,000 150,000 180,000 1,646,120 Chattah Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 Sales (all on account) Sales returns and allowances Net sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other income Other expense (interest) Income before income tax Income tax expense Net income 2012 9,056,000 56,000 9,000,000 4,500,000 4,500,000 1,936,000 1,296,000 3,232,000 1,268,000 128,000 1,396,000 309,000 1,087,000 240,000 847,000 2011 7,849,000 40,000 7,800,000 3,680,000 4,120,000 1,840,000 1,216,000 3,056,000 1,064,000 96,000 1,160,000 110,000 1,050,000 200,000 850,000 Chattah Inc. Comparative Balance Sheet December 31, 2012 and 2011 Dec. 31, 2012 Assets Current Assests: Cash Temporary investments Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities Current liabilities Long-term liabilities: Mortgage note pagable, 12% due 2017 Bonds payable, 11% due 2021 Total long-term liabilities Total liabilities Stockholders Equity Preferred $2.00 stock, $100 par Common stock $5 par Retained Earnings Total stockholders equity Total liabilities and stockholders equity Dec. 31 2011 420,000 306,000 760,000 408,000 663,000 482,120 1,072,700 850,000 92,400 89,250 3,008,100 2,135,370 825,000 637,500 6,450,020 5,100,000 10,283,120 7,872,870 770,000 726,750 1,200,000 1,500,000 2,700,000 3,470,000 0 1,000,000 1,000,000 1,726,750 1,500,000 1,500,000 3,000,000 3,000,000 2,313,120 1,646,120 6,813,120 6,146,120 10,283,120 7,872,870 Instructions Determine the following measures for 2012, rounding to one decimal place: 1. Working capital 2. Current ratio 3. Quick ratio 4. Account receivable turnover 5. Number of days sales in receivables 6. Inventory turnover 7. Number of days sales in inventory 8. Ration of fixed assets to long-term liabilities