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 $55 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			$1,662,500		$1,403,900
Add net income for year			364,000		287,600
Total			$2,026,500		$1,691,500
Deduct dividends
	On preferred stock		$12,600		$12,600
	On common stock		16,400		16,400
		Total	$29,000		$29,000
Retained earnings, December 31			$1,997,500		$1,662,500

Blige Inc.
Comparative Income Statement
For the Years Ended December 31, 2016 and 2015
	2016		2015
Sales	$2,321,270		$2,135,600
Sales returns and allowances	11,550		7,510
Sales	$2,309,720		$2,128,090
Cost of goods sold	825,630		759,580
Gross profit	$1,484,090		$1,368,510
Selling expenses	$511,260		$618,770
Administrative expenses	435,510		363,400
Total operating expenses	946,770		982,170
Income from operations	$537,320		$386,340
Other income	28,280		24,660
	$565,600		$411,000
Other expense (interest)	152,000		84,000
Income before income tax	$413,600		$327,000
Income tax expense	49,600		39,400
Net income	$364,000		$287,600

Blige Inc.
Comparative Balance Sheet
December 31, 2016 and 2015
			Dec. 31, 2016		Dec. 31, 2015
Assets
Current assets
	Cash		$402,090		$364,340
	Temporary investments		608,570		603,750
	Accounts receivable (net)		423,400		401,500
	Inventories		321,200		248,200
	Prepaid expenses		76,065		72,870
		Total current assets	$1,831,325		$1,690,660
Long-term investments			1,146,925		380,908
Property, plant, and equipment (net)			2,280,000		2,052,000
Total assets			$5,258,250		$4,123,568
Liabilities
Current liabilities			$590,750		$641,068
Long-term liabilities
	Mortgage note payable, 8%, due 2021		$850,000		$0
	Bonds payable, 8%, due 2017		1,050,000		1,050,000
		Total long-term liabilities	$1,900,000		$1,050,000
Total liabilities			$2,490,750		$1,691,068
Stockholders' Equity
Preferred $0.7 stock, $20 par			$360,000		$360,000
Common stock, $10 par			410,000		410,000
Retained earnings			1,997,500		1,662,500
	Total stockholders' equity		$2,767,500		$2,432,500
Total liabilities and stockholders' equity			$5,258,250		$4,123,568

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