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PLEASE HELP Measures of liquidity, Solvency, and Profitability The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel common stock

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Measures of liquidity, Solvency, and Profitability

The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel common stock was $119.70 on December 31, 20Y2.

Stargel Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Retained earnings, January 1 $5,375,000 $4,545,000
Net income 900,000 925,000
Dividends:
Preferred stock dividends (45,000) (45,000)
Common stock dividends (50,000) (50,000)
Retained earnings, December 31 $6,180,000 $5,375,000

Stargel Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $10,000,000 $9,400,000
Cost of merchandise sold 5,350,000 4,950,000
Gross profit $4,650,000 $4,450,000
Selling expenses $2,000,000 $1,880,000
Administrative expenses 1,500,000 1,410,000
Total operating expenses $3,500,000 $3,290,000
Income from operations $1,150,000 $1,160,000
Other revenue and expense:
Other revenue 150,000 140,000
Other expense (interest) (170,000) (150,000)
Income before income tax expense $1,130,000 $1,150,000
Income tax expense 230,000 225,000
Net income $900,000 $925,000

Stargel Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 20Y1
Assets
Current assets:
Cash $500,000 $400,000
Marketable securities 1,010,000 1,000,000
Accounts receivable (net) 740,000 510,000
Inventories 1,190,000 950,000
Prepaid expenses 250,000 229,000
Total current assets $3,690,000 $3,089,000
Long-term investments 2,350,000 2,300,000
Property, plant, and equipment (net) 3,740,000 3,366,000
Total assets $9,780,000 $8,755,000
Liabilities
Current liabilities $900,000 $880,000
Long-term liabilities:
Mortgage note payable, 10% $200,000 $0
Bonds payable, 10% 1,500,000 1,500,000
Total long-term liabilities $1,700,000 $1,500,000
Total liabilities $2,600,000 $2,380,000
Stockholders' Equity
Preferred $0.90 stock, $10 par $500,000 $500,000
Common stock, $5 par 500,000 500,000
Retained earnings 6,180,000 5,375,000
Total stockholders' equity $7,180,000 $6,375,000
Total liabilities and stockholders' equity $9,780,000 $8,755,000

Required:

Determine the following measures for 20Y2, rounding to one decimal place, except 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.

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Number of days' sales in receivables days Inventory turnover Number of days' sales in inventory days Ratio of fixed assets to long-term liabilities Ratio of liabilities to stockholders' equity Times interest earned Asset turnover - Return on total assets % - Return on stockholders' equity % - Return on common stockholders' equity % - Earnings per share on common stock - Price-earnings ratio - Dividends per share of common stock Dividend yield %

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