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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.

Line Item Description	20Y2	20Y1
Retained earnings, January 1	$5,375,000	$4,545,000
Net income	$900,000	$925,000
Dividends:
On preferred stock	(45,000)	(45,000)
On common stock	(50,000)	(50,000)
Increase in retained earnings	$805,000	$830,000
Retained earnings, December 31	$6,180,000	$5,375,000

Line Item Description	20Y2	20Y1
Sales	$10,000,000	$9,400,000
Cost of goods sold	(5,350,000)	(4,950,000)
Gross profit	$4,650,000	$4,450,000
Selling expenses	$(2,000,000)	$(1,880,000)
Administrative expenses	(1,500,000)	(1,410,000)
Total operating expenses	$(3,500,000)	$(3,290,000)
Operating income	$1,150,000	$1,160,000
Other revenue and expense:
Other revenue	150,000	140,000
Other expense (interest)	(170,000)	(150,000)
Income before income tax expense	$1,130,000	$1,150,000
Income tax expense	(230,000)	(225,000)
Net income	$900,000	$925,000

Line Item Description	20Y2	20Y1
Assets
Current assets:
Cash	$500,000	$400,000
Marketable securities	1,010,000	1,000,000
Accounts receivable (net)	740,000	510,000
Inventories	1,190,000	950,000
Prepaid expenses	250,000	229,000
Total current assets	$3,690,000	$3,089,000
Long-term investments	2,350,000	2,300,000
Property, plant, and equipment (net)	3,740,000	3,366,000
Total assets	$9,780,000	$8,755,000
Liabilities
Current liabilities	$900,000	$880,000
Long-term liabilities:
Mortgage note payable, 10%	$200,000	$0
Bonds payable, 10%	1,500,000	1,500,000
Total long-term liabilities	$1,700,000	$1,500,000
Total liabilities	$2,600,000	$2,380,000
Stockholders' Equity
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
Total stockholders' equity	$7,180,000	$6,375,000
Total liabilities and stockholders' equity	$9,780,000	$8,755,000

Required:

Determine the following measures for 20Y2. Rounding to one decimal place, except 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.

Line Item Description	Answer	Ratio Unit
1. Working capital	$fill in the blank 1
2. Current ratio	fill in the blank 2
3. Quick ratio	fill in the blank 3
4. Accounts receivable turnover	fill in the blank 4
5. Days sales in receivables	fill in the blank 5	days
6. Inventory turnover	fill in the blank 6
7. Days' sales in inventory	fill in the blank 7	days
8. Ratio of fixed assets to long-term liabilities	fill in the blank 8
9. Ratio of liabilities to stockholders' equity	fill in the blank 9
10. Times interest earned	fill in the blank 10
11. Asset turnover	fill in the blank 11
12. Return on total assets	fill in the blank 12	%
13. Return on stockholders equity	fill in the blank 13	%
14. Return on common stockholders equity	fill in the blank 14	%
15. Earnings per share on common stock	$fill in the blank 15
16. Price-earnings ratio	fill in the blank 16
17. Dividends per share of common stock	$fill in the blank 17
18. Dividend yield	fill in the blank 18	%