Blige Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 2016 and 2015
			2016		2015
Retained earnings, January 1			$1,263,700		$1,071,600
Add net income for year			300,000		219,500
Total			$1,563,700		$1,291,100
Deduct dividends
	On preferred stock		$9,800		$9,800
	On common stock		17,600		17,600
		Total	$27,400		$27,400
Retained earnings, December 31			$1,536,300		$1,263,700

Blige Inc.
Comparative Income Statement
For the Years Ended December 31, 2016 and 2015
	2016		2015
Sales	$1,951,510		$1,795,400
Sales returns and allowances	9,710		6,310
Sales	$1,941,800		$1,789,090
Cost of goods sold	677,440		623,240
Gross profit	$1,264,360		$1,165,850
Selling expenses	$434,000		$540,120
Administrative expenses	369,710		317,220
Total operating expenses	803,710		857,340
Income from operations	$460,650		$308,510
Other income	24,250		19,690
	$484,900		$328,200
Other expense (interest)	144,000		79,200
Income before income tax	$340,900		$249,000
Income tax expense	40,900		29,500
Net income	$300,000		$219,500

Blige Inc.
Comparative Balance Sheet
December 31, 2016 and 2015
			Dec. 31, 2016		Dec. 31, 2015
Assets
Current assets
	Cash		$421,530		$284,950
	Temporary investments		637,990		472,190
	Accounts receivable (net)		357,700		335,800
	Inventories		262,800		204,400
	Prepaid expenses		79,756		56,990
		Total current assets	$1,759,776		$1,354,330
Long-term investments			566,454		4,914
Property, plant, and equipment (net)			2,160,000		1,944,000
Total assets			$4,486,230		$3,303,244
Liabilities
Current liabilities			$549,930		$449,544
Long-term liabilities
	Mortgage note payable, 8%, due 2021		$810,000		$0
	Bonds payable, 8%, due 2017		990,000		990,000
		Total long-term liabilities	$1,800,000		$990,000
Total liabilities			$2,349,930		$1,439,544
Stockholders' Equity
Preferred $0.7 stock, $20 par			$280,000		$280,000
Common stock, $10 par			320,000		320,000
Retained earnings			1,536,300		1,263,700
	Total stockholders' equity		$2,136,300		$1,863,700
Total liabilities and stockholders' equity			$4,486,230		$3,303,244

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		%