Financial statements for Boston Corporation are presented below. Use for 17-29

Boston Corporation
Comparative Balance Sheet
December 31
Assets	2011	2010
Cash	$   120,000	$   110,000
Accounts receivable (net)	135,000	95,000
Inventory	270,000	240,000
Property, plant, and equipment (net)	750,000	800,000
Total assets	$1,275,000	$1,245,000
Liabilities and Stockholders' Equity
Accounts payable	$   172,000	$   208,000
Accrued liabilities	12,000	16,000
Bonds payable, 10 percent	140,000	160,000
Common stock, $10 par (10,000 shares)	500,000	500,000
Retained earnings	451,000	361,000
Total liabilities and stockholders' equity	$1,275,000	$1,245,000

Boston Corporation
Income Statement
For the Year Ended December 31, 2011
Net sales					$1,200,000
Cost of goods sold					700,000
Gross margin					$ 500,000
Operating expenses
	Depreciation expense		$ 70,000
	Interest expense		10,000
	Other expenses		260,000	340,000
Income before income taxes					$ 160,000
Income taxes expense				50,000
Net income Earnings per share					$ 110,000 $12.00

Note: Dividends of $0.90 per share were declared and paid during 2011. The market price of the stock on December 31, 2011 was $18.00 per share.

Compute the following for 2011. Round answers to two decimal places. SHOW AND LABEL YOUR WORK..

17. Current ratio

18. Quick ratio

19. Receivable turnover

20. Days Sales in Accounts Receivable

21. Asset turnover

22 Ratio of fixed assets to long term liabilities

23. Profit margin

24. Debt to equity ratio  

25. Inventory turnover

26. Days sales in inventory

27. Return on equity

28. P/E ratio

29. Dividend yield