Nineteen Measures of Solvency and Profitability

The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $70 on December 31, 2014.

Required:

Determine the following measures for 2014, rounding to one decimal place, except for 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.

Blige Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2014 and 201:3 2014 2013 Retained earnings, January 1 Add net income for year Total Deduct dividends $3,118,050 700,800 $3,818,850 $2,651,850 543,100 $3,194,950 $11,200 65,700 $76,900 $3,741,950 $11,200 65,700 $76,900 $3,118,050 On preferred stock On common stock Total Retained earnings, December 31