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 $57 on December 31, 2014.

a . 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 3 2014 and 2013 2014 $4,771,800 Retained earnings, January 1 Add net income for year 1,036,000 Total $5,807,800 Deduct dividends On preferred stock $14,000 On common stock 45,600 Total $59,600 $5,748,200 Retained earnings, December 31 2013 $4,010, 100 821,300 $4,831,400 $14,000 45,600 $59,600 $4,771,800