Measures of liquidity, Solvency, and Profitability The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel common stock was $115 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 Total $6,275,000 $5,470,000 Dividends: Preferred stock dividends $45,000 $45,000 Common stock dividends 50,000 50,000 Total dividends $95,000 $95,000 Retained earnings, December 31 $6,180,000 $5,375,000 Stargel Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2012 $10,000,000 5,350,000 2011 Sales $9,400,000 Cost of goods sold 4,950,000 Stargel Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 2011 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 1,410,000 Administrative expenses 1,500,000 $3,500,000 $3,290,000 Total operating expenses Income from operations Other revenue $1,150,000 $1,160,000 150,000 140,000 $1,300,000 $1,300,000 150,000 170,000 Other expense (interest) Income before income tax $1,130,000 $1,150,000 225,000 230,000 Income tax expense $900,000 $925,000 Net income Stargel Inc. Comparative Balance Sheet December 31, 2012 and 2041 2012 2011 Assets Current assets: Cash $500,000 $400,000 Marketable securities Accounts receivable (net) 1,000,000 1,010,000 740,000 Inventories 510,000 950,000 1,190,000 Prepaid expenses 250,000 229,000 Total current assets $3,690,000 $3,089,000 Long-term investments 2,350,000 Property, plant, and equipment (net) 2,300,000 3,366,000 3,740,000 Total assets $9,780,000 $8,755,000 Liabilities Current liabilities $900,000 $880,000 Long-term liabilities: Mortgage note payable, 10% $200,000 50 1,500,000 1,500,000 Bonds payable, 10% Total long-term liabilities $1,700,000 $1,500,000 Total abilities $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 ROY2, rounding to one decimal place, except dollar amounts which shoul of the requirement for subsequent requirement, if required. Assume 365 days a year. 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover days 5. Number of days sales in receivables 6. Inventory turnover I days 7. Number of days! sales in inventory 8. Ratio of fixed assets to long-term abilities 9. Ratio of labiilties to stockholders' equity 10. Times Interest earned Determine the following measures for 20Y2, rounding to one decimal place, except dollar amounts which sh of the requirement for subsequent requirement, if required. Assume 365 days a year. 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable tumover days 5. Number of days! sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory days 8. Ratio of fixed assets to long-term abilities 9. Ratio of liabilities to stockholders' equity A 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 JAC 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield