Blige Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 2016 and 2015
			2016		2015
Retained earnings, January 1			$3,922,550		$3,332,950
Add net income for year			828,000		682,700
Total			$4,750,550		$4,015,650
Deduct dividends
	On preferred stock		$11,200		$11,200
	On common stock		81,900		81,900
		Total	$93,100		$93,100
Retained earnings, December 31			$4,657,450		$3,922,550

Blige Inc.
Comparative Income Statement
For the Years Ended December 31, 2016 and 2015
	2016		2015
Sales	$6,272,710		$5,770,900
Sales returns and allowances	31,210		20,290
Sales	$6,241,500		$5,750,610
Cost of goods sold	1,982,680		1,824,070
Gross profit	$4,258,820		$3,926,540
Selling expenses	$1,599,570		$1,875,840
Administrative expenses	1,362,600		1,101,680
Total operating expenses	2,962,170		2,977,520
Income from operations	$1,296,650		$949,020
Other income	68,250		60,580
	$1,364,900		$1,009,600
Other expense (interest)	424,000		233,600
Income before income tax	$940,900		$776,000
Income tax expense	112,900		93,300
Net income	$828,000		$682,700

Blige Inc.
Comparative Balance Sheet
December 31, 2016 and 2015
			Dec. 31, 2016		Dec. 31, 2015
Assets
Current assets
	Cash		$1,197,500		$751,110
	Temporary investments		1,812,430		1,244,700
	Accounts receivable (net)		1,073,100		1,007,400
	Inventories		803,000		613,200
	Prepaid expenses		226,555		150,220
		Total current assets	$5,112,585		$3,766,630
Long-term investments			1,369,060		-780,716
Property, plant, and equipment (net)			6,890,000		6,201,000
Total assets			$13,371,645		$9,186,914
Liabilities
Current liabilities			$1,704,195		$634,364
Long-term liabilities
	Mortgage note payable, 8%, due 2021		$2,380,000		$0
	Bonds payable, 8%, due 2017		2,920,000		2,920,000
		Total long-term liabilities	$5,300,000		$2,920,000
Total liabilities			$7,004,195		$3,554,364
Stockholders' Equity
Preferred $0.7 stock, $50 par			$800,000		$800,000
Common stock, $10 par			910,000		910,000
Retained earnings			4,657,450		3,922,550
	Total stockholders' equity		$6,367,450		$5,632,550
Total liabilities and stockholders' equity			$13,371,645		$9,186,914

Required:

Determine the following measures for 2016, 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.

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 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