\begin{tabular}{lrr} Preferred $0.90 stock, $10 par & $500,000 & $500,000 \\ Common stock, $5 par & 500,000 & 500,000 \\ Retained earnings & 6,180,000 & 5,375,000 \\ \cline { 2 - 3 } \multicolumn{1}{c}{ Total stockholders' equity } & $7,180,000 & $6,375,000 \\ \hline Total liabilities and stockholders' equity & $9,780,000 & $8,755,000 \\ \hline \end{tabular} Required: required. Assume 365 days a year. 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Days' sales in receivables 6. Inventory turnover 7. Days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders' equity 14. Return on common stockholders' equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield Check My Work All work saved. Email Instructor Save and Exit Submit Assignment for Grading \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{ Liabilities } \\ \hline Current liabilities & $900,000 & $880,000 \\ \hline \multicolumn{3}{|l|}{ Long-term liabilities: } \\ \hline Mortgage note payable, 10% & $200,000 & $0 \\ \hline Bonds payable, 10% & 1,500,000 & 1,500,000 \\ \hline Total long-term liabilities & $1,700,000 & $1,500,000 \\ \hline Total liabilities & $2,600,000 & $2,380,000 \\ \hline \multicolumn{3}{|l|}{ Stockholders' Equity } \\ \hline Preferred $0.90 stock, $10 par & $500,000 & $500,000 \\ \hline Common stock, $5 par & 500,000 & 500,000 \\ \hline Retained earnings & 6,180,000 & 5,375,000 \\ \hline Total stockholders' equity & $7,180,000 & $6,375,000 \\ \hline Total liabilities and stock & $9,780,000 & $8,755,000 \\ \hline \end{tabular} Required: equired. Assume 365 days a year. 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Days' sales in receivables days 6. Inventory turnover 7. Days' sales in inventory days 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on total assets % \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{ Auministrative expenses } \\ \hline Total operating expenses & $(3,500,000) & $(3,290,000) \\ \hline Operating income & $1,150,000 & $1,160,000 \\ \hline \multicolumn{3}{|l|}{ Other revenue and expense: } \\ \hline Other revenue & 150,000 & 140,000 \\ \hline Other expense (interest) & (170,000) & (150,000) \\ \hline Income before income tax expense & $1,130,000 & $1,150,000 \\ \hline Income tax expense & (230,000) & (225,000) \\ \hline Net income & $900,000 & $925,000 \\ \hline \multicolumn{3}{|c|}{\begin{tabular}{c} Stargel Inc. \\ Comparative Balance Sheet \\ December 31, 20Y2 and 20Y1 \end{tabular}} \\ \hline & 20Y2 & 20Y1 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline \multicolumn{3}{|l|}{ Current assets: } \\ \hline Cash & $500,000 & $400,000 \\ \hline Marketable securities & 1,010,000 & 1,000,000 \\ \hline Accounts receivable (net) & 740,000 & 510,000 \\ \hline Inventories & 1,190,000 & 950,000 \\ \hline Prepaid expenses & 250,000 & 229,000 \\ \hline Total current assets & $3,690,000 & $3,089,000 \\ \hline Long-term investments & 2,350,000 & 2,300,000 \\ \hline Property, plant, and equipment (net) & 3,740,000 & 3,366,000 \\ \hline Total assets & $9,780,000 & $8,755,000 \\ \hline \multicolumn{3}{|l|}{ Liabilities } \\ \hline Current liabilities & $900,000 & $880,000 \\ \hline \multicolumn{3}{|l|}{ Long-term liabilities: } \\ \hline Mortgage note payable, 10% & $200,000 & $0 \\ \hline \end{tabular} Measures of liquidity, solvency and profitability The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel common stock was $119.70 on December 31,20Y2. Stargel Inc. Comparative Income Statement