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 $64 on December 31, 2016.

Blige Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 2016 and 2015
			2016		2015
Retained earnings, January 1			$2,554,025		$2,149,775
Add net income for year			568,000		440,300
Total			$3,122,025		$2,590,075
Deduct dividends
	On preferred stock		$7,700		$7,700
	On common stock		28,350		28,350
		Total	$36,050		$36,050
Retained earnings, December 31			$3,085,975		$2,554,025

Blige Inc.
Comparative Income Statement
For the Years Ended December 31, 2016 and 2015
	2016		2015
Sales	$3,744,185		$3,444,700
Sales returns and allowances	18,630		12,110
Sales	$3,725,555		$3,432,590
Cost of goods sold	1,185,520		1,090,680
Gross profit	$2,540,035		$2,341,910
Selling expenses	$921,460		$1,103,500
Administrative expenses	784,955		648,090
Total operating expenses	1,706,415		1,751,590
Income from operations	$833,620		$590,320
Other income	43,880		37,680
	$877,500		$628,000
Other expense (interest)	232,000		128,000
Income before income tax	$645,500		$500,000
Income tax expense	77,500		59,700
Net income	$568,000		$440,300

Blige Inc.
Comparative Balance Sheet
December 31, 2016 and 2015
			Dec. 31, 2016		Dec. 31, 2015
Assets
Current assets
	Cash		$693,570		$544,510
	Temporary investments		1,049,730		902,340
	Accounts receivable (net)		649,700		613,200
	Inventories		481,800		365,000
	Prepaid expenses		131,210		108,900
		Total current assets	$3,006,010		$2,533,950
Long-term investments			1,909,343		775,411
Property, plant, and equipment (net)			3,190,000		2,871,000
Total assets			$8,105,353		$6,180,361
Liabilities
Current liabilities			$939,378		$846,336
Long-term liabilities
	Mortgage note payable, 8%, due 2021		$1,300,000		$0
	Bonds payable, 8%, due 2017		1,600,000		1,600,000
		Total long-term liabilities	$2,900,000		$1,600,000
Total liabilities			$3,839,378		$2,446,336
Stockholders' Equity
Preferred $0.7 stock, $50 par			$550,000		$550,000
Common stock, $10 par			630,000		630,000
Retained earnings			3,085,975		2,554,025
	Total stockholders' equity		$4,265,975		$3,734,025
Total liabilities and stockholders' equity			$8,105,353		$6,180,361

Required:

Determine the following measures for 2016, 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.

1. Working capital	$
2. Current ratio
3. Quick ratio
4. Accounts receivable turnover
5. Number of days' sales in receivables		days
6. Inventory turnover
7. Number of days' sales in inventory		days
8. Ratio of fixed assets to long-term liabilities
9. Ratio of liabilities to stockholders' equity
10. Number of times interest charges are earned
11. Number of times preferred dividends are earned
12. Ratio of sales to assets
13. Rate earned on total assets		%
14. Rate earned on stockholders' equity		%
15. Rate earned on common stockholders' equity		%
16. Earnings per share on common stock	$
17. Price-earnings ratio
18. Dividends per share of common stock	$
19. Dividend yield		%