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 $62 on December 31, 2014.

Blige Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 2014 and 2013
			2014		2013
Retained earnings, January 1			$2,735,900		$2,313,500
Add net income for year			579,600		473,800
Total			$3,315,500		$2,787,300
Deduct dividends
	On preferred stock		$9,800		$9,800
	On common stock		41,600		41,600
		Total	$51,400		$51,400
Retained earnings, December 31			$3,264,100		$2,735,900

Blige Inc.
Comparative Income Statement
For the Years Ended December 31, 2014 and 2013
	2014		2013
Sales	$3,814,980		$3,509,800
Sales returns and allowances	18,980		12,340
Net sales	$3,796,000		$3,497,460
Cost of goods sold	1,611,840		1,482,890
Gross profit	$2,184,160		$2,014,570
Selling expenses	$689,740		$853,930
Administrative expenses	587,550		501,510
Total operating expenses	1,277,290		1,355,440
Income from operations	$906,870		$659,130
Other income	47,730		42,070
	$954,600		$701,200
Other expense (interest)	296,000		163,200
Income before income tax	$658,600		$538,000
Income tax expense	79,000		64,200
Net income	$579,600		$473,800

Blige Inc.
Comparative Balance Sheet
December 31, 2014 and 2013
			Dec. 31, 2014		Dec. 31, 2013
Assets
Current assets
	Cash		$989,150		$438,800
	Temporary investments		1,497,090		727,160
	Accounts receivable (net)		751,900		708,100
	Inventories		569,400		438,000
	Prepaid expenses		187,143		87,760
		Total current assets	$3,994,683		$2,399,820
Long-term investments			199,927		-1,208,604
Property, plant, and equipment (net)			5,180,000		4,662,000
Total assets			$9,374,610		$5,853,216
Liabilities
Current liabilities			$1,210,510		$-122,684
Long-term liabilities
	Mortgage note payable, 8%, due 2019		$1,660,000		$0
	Bonds payable, 8%, due 2015		2,040,000		2,040,000
		Total long-term liabilities	$3,700,000		$2,040,000
Total liabilities			$4,910,510		$1,917,316
Stockholders' Equity
Preferred $0.70 stock, $40 par			$560,000		$560,000
Common stock, $10 par			640,000		640,000
Retained earnings			3,264,100		2,735,900
	Total stockholders' equity		$4,464,100		$3,935,900
Total liabilities and stockholders' equity			$9,374,610		$5,853,216

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.

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 net 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		%