Current Liabilities Curent Assets Calculated Value Working capital: 1. Ratio Numerator Denominator Calculated Value 2: Current ratio 3 Quick ratio 4. Accounts recelvable turnover Number of days 5 sales in receivables 6. Inventory turmover Number of days 7 sales in inventory Ratio of Fixed assets to 8 long-term labilites Ratio of iabilities to stockholders' equity Pr 17-48 Ratio of labilitios to 9. stockholders' equity 10. Times interest eamed 11. Asset turnover 12 Return on total assets 13. Retun on stockholders equity Retun on common 14. stockholders' equity Eamings per share 15. on common stock Price-eamings ratio 16 17 Dividends per share of common stock Dividend yield 18. OBJ. 3, 4, 5 Measures of liquidity, solvency and profitability PR 17-4B The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel common stock was $119.70 on December 31, 20Y2 es Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y1 202 $4,545,000 $5,375,000 Retained earnings, January 1 925,000 900,000 Net income $5,470,000 $6,275,000 Total.. Dividends: 45,000 45,000 Preferred stock dividends.. Common stock dividends.. 50,000 50,000 95,000 S 95,000 Total dividends... $5,375,000 $6,180,000 Retained earnings, December 31 butant Chapter 17 Financial Statement Analysis 877 Stargel Inc. Comparative Income Statement Fer the Years Ended December 31, 20Y2 and 20Y1 Sales... 292 201 Cost of goods sold. $10.000.000 59,400,000 Gross profit 5,350.000 4,950,000 Selling expenses $ 4650,000 $4450,000 $1,880,000 S 2000.000 1,500.000 Administrative expenses Total operating expenses. Income from operations.. Other revenue 1410,000 $3,290,000 S 3500.000 S1.150.000 $1,160,000 150,000 140000 $ 1.300.000 Other expense (interest) Income before income tax Income tax expense $1.300.000 170,000 150,000 $1.130.000 $1,150,000 230,000 225,000 Net income. S 900,000 $ 925,000 Stargel Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 202 201 Assets Current assets Cash - S S00.000 S 400.000 1,000,000 Marketable securities 1,010,000 Accounts receivable (net) 740,000 510,000 Inventories. 1,190,000 950,000 Prepaid expenses.. 250,000 $3.690.000 2,350,000 3,740,000 229,000 Total current assets. $3,089,000 Long-term investments... 2,300,000 Property, plant, and equipment (net) 3.366.000 Total assets $9,780,000 $8,755,000 Liabilities Current liabilities S 900,000 $ 880,000 Long-term liabilities Mortgage note payable, 10 %. ) Bonds payable, 10 %... Total long-term liabilities $ 200,000 1.500,000 1,500,000 $1,700,000 $1,500,000 $2,600,000 $2,380,000 Total liabilities Stockholders' Equity $ 500,000 $ 500,000 Preferred $0.90 stock, $10 par 500.000 500,000 Common stock, $5 par 6.180.000 5,375,000 Retained earnings. Total stockholders' equity. Total liabilities and stockholders' equity $7,180.000 $6,375,000 $9,780,000 $8,755,000 Instructions Determine the following measures for 20Y2, rounding to one decimal place including percentages, except for per-share amounts: 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables (Continued) Chapter 17 Financial Statement Analysis 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities SYor 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