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Lill Company started 20Y6 with $2,300,000 in total assets. During 20Y6, the company earned after-tax net income of $300.000 and issued $4.000 in preferred stock

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Lill Company started 20Y6 with $2,300,000 in total assets. During 20Y6, the company earned after-tax net income of $300.000 and issued $4.000 in preferred stock dividends. The number of Lill's outstanding shares of common and preferred stock did not change during 20Y6. Additional selected information from the company's 12/31/Y6 balance sheet is as follows: Lill Corporation Balance Sheet (partial) Assets Total current assets $330,000 Total long-term assets 1,864,000 TOTAL ASSETS $2,194,000 Liabilities Total current liabilities Total long-term liabilities TOTAL LIABILITIES 406,000 820,000 $1,226,000 Stockholders' Equity Paid-in capital Common stock ($1 par) Paid-in capital in excess of par - common stock Preferred stock ($5 par) Total paid-in capital Retained earnings Total paid-in capital and retained earnings Treasury stock (2,000 shares) TOTAL STOCKHOLDERS' EQUITY $98,000 218,000 110,000 426,000 558,000 984,000 (16,000) $968,000 QUESTION 1 Determine the following liability and equity ratios. Round your answers to the nearest two decimals (eg. 118 or 75) Current Ratio Earnings per Share Return on Assets QUESTION 2: If the market value of Lill's outstanding common stock is $62 per share at the end of 2074, how many times bigger is its market value than its book value? Round your answer to the nearest whole number te.g. 2)

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