1. 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.

   Stargel Inc.
   Comparative Retained Earnings Statement
   For the Years Ended December 31, 20Y2 and 20Y1
   			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

   Stargel Inc.
   Comparative Income Statement
   For the Years Ended December 31, 20Y2 and 20Y1
   	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

   Stargel Inc.
   Comparative Balance Sheet
   December 31, 20Y2 and 20Y1
   			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.

   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. Number of days' sales in receivables	fill in the blank 5	days
   6. Inventory turnover	fill in the blank 6
   7. Number of 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	%