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*it's all the same question* Measures of liquidity, Solvency and Profitability The comparative financial statements of Stargel Inc. are as follows. The market price of

*it's all the same question*
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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, 2042 Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 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 $6,180,000 $5,375,000 Retained earnings, December 31 Stargel Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2012 20Y1 Sales $10,000,000 $9,400,000 (5,350,000) (4,950,000) Cost of goods sold Gross profit $4,650,000 $4,450,000 Selling expenses Administrative expenses $(2,000,000) (1,500,000) $(1,880,000) (1,410,000) $(3,290,000) $1,160,000 Total operating expenses $(3,500,000) Operating income $1,150,000 Other revenue and expense: Other revenue 150,000 (170,000) Other expense (interest) Income before income tax expense 140,000 (150,000) $1,150,000 (225,000) $1,130,000 (230,000) Income tax expense $900,000 $925,000 Net Income Stargel Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 20Y2 2011 Assets Current assets: Cash $500,000 $400,000 Marketable securities 1,010,000 1,000,000 Accounts receivable (net) 740,000 510,000 1,190,000 950,000 Inventories Prepaid expenses Total current assets 250,000 229,000 $3,690,000 $3,089,000 2,350,000 2,300,000 Long-term investments 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 not payable, 10% $200.000 $0 Bonds payable, 10% 1,500,000 1,500,000 Total long-term abilities 51,700,000 $1,500,000 Total labies $2,600,000 12,380,000 Stockholders' Equity Preferred $0.90 stock, $10 par $500.000 $500,000 Common stock, 55 par 500,000 500.000 Retained earings 6,180,000 5.375,000 Total stockholders' equity $7.100.000 56,375,000 Total liabilities and stockholders equity $9,780,000 $3,255,000 Required: Determine the following measures for 2072. 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. It required. Assume 365 days a year 1. Working capital 2,790,000 2. Current ratio 4.1 3. Quick ratio 2.5 4. Accounts receivable tumorer 5. Number of days' sales in receivables days 6. Inventory turnover 3. Quick ratio 2.5 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. 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 Jul 18. Dividend yield %

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