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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
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 , 20 Y2 Stargel Inc. Comparative Income Statement Varo Endad nomamhar 21 snv? and Stargel Inc. Comparative Balance Sheet December 31,20Y2 and 20Y1 Current assets: \begin{tabular}{lrr} 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 \\ \cline { 2 - 3 } 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 \\ \hline Total assets & $9,780,000 & $8,755,000 \\ \hline \hline \end{tabular} Liabilities Current liabilities $900,000$880,000 Long-term liabilities: Mortgage note payable, 10% Bonds payable, 10% Total long-term liabilities Total liabilities \begin{tabular}{rr} $200,000 & $0 \\ 1,500,000 & 1,500,000 \\ \hline$1,700,000 & $1,500,000 \\ \hline$2,600,000 & $2,380,000 \\ \hline \end{tabular} Stockholders' Equity Preferred $0.90 stock, $10 par Common stock, $5 par \begin{tabular}{rr} $500,000 & $500,000 \\ 500,000 & 500,000 \\ 6,180,000 & 5,375,000 \\ \hline$7,180,000 & $6,375,000 \\ \hline$9,780,000 & $8,755,000 \\ \hline \hline \end{tabular} Total liabilities and stockholders' equity Determine the following measures for 20Y2. Rounding to one decimal place, except dollar amounts which should be rounded to the nearest cent. Use the year
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