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.

Blige Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 2014 and 2013
			2014		2013
Retained earnings, January 1			$1,273,700		$1,079,900
Add net income for year			280,000		221,200
Total			$1,553,700		$1,301,100
Deduct dividends
	On preferred stock		$9,800		$9,800
	On common stock		17,600		17,600
		Total	$27,400		$27,400
Retained earnings, December 31			$1,526,300		$1,273,700

Blige Inc.
Comparative Income Statement
For the Years Ended December 31, 2014 and 2013
	2014		2013
Sales	$1,808,450		$1,663,800
Sales returns and allowances	9,000		5,850
Net sales	$1,799,450		$1,657,950
Cost of goods sold	678,900		624,590
Gross profit	$1,120,550		$1,033,360
Selling expenses	$380,300		$463,050
Administrative expenses	323,960		271,950
Total operating expenses	704,260		735,000
Income from operations	$416,290		$298,360
Other income	21,910		19,040
	$438,200		$317,400
Other expense (interest)	120,000		66,400
Income before income tax	$318,200		$251,000
Income tax expense	38,200		29,800
Net income	$280,000		$221,200

Blige Inc.
Comparative Balance Sheet
December 31, 2014 and 2013
			Dec. 31, 2014		Dec. 31, 2013
Assets
Current assets
	Cash		$233,190		$247,340
	Temporary investments		352,940		409,880
	Accounts receivable (net)		321,200		299,300
	Inventories		248,200		189,800
	Prepaid expenses		44,113		49,470
		Total current assets	$1,199,643		$1,195,790
Long-term investments			1,040,327		100,762
Property, plant, and equipment (net)			1,800,000		1,620,000
Total assets			$4,039,970		$2,916,552
Liabilities
Current liabilities			$413,670		$212,852
Long-term liabilities
	Mortgage note payable, 8%, due 2019		$670,000		$0
	Bonds payable, 8%, due 2015		830,000		830,000
		Total long-term liabilities	$1,500,000		$830,000
Total liabilities			$1,913,670		$1,042,852
Stockholders' Equity
Preferred $0.70 stock, $20 par			$280,000		$280,000
Common stock, $10 par			320,000		320,000
Retained earnings			1,526,300		1,273,700
	Total stockholders' equity		$2,126,300		$1,873,700
Total liabilities and stockholders' equity			$4,039,970		$2,916,552

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		%