QUESTION 15 Liability and Equity Analysis Lill Company started 20Y6 with $2,300,000 in total assets. During 20Y6, the company earned after-tax net income of $300,000 and issued $4.000 in preferred stock dividends. The number of Lill's outstanding shares of common and preferred stock did not change during 20Y6. Additional selected information from the company's 12/31/Y6 balance sheet is as follows: Lill Corporation Balance Sheet (partial) Assets Total current assets $352,000 Total long-term assets 1,908,000 TOTAL ASSETS $2,260,000 Liabilities Total current liabilities Total long-term liabilities TOTAL LIABILITIES 420,000 898,000 $1,318,000 $100,000 200,000 120,000 Stockholders' Equity Paid-in capital Common stock ($1 par) Paid-in capital in excess of par - common stock Preferred stock ($5 par) Total paid-in capital Retained earnings Total paid-in capital and retained earnings Treasury stock (2,000 shares) TOTAL STOCKHOLDERS' EQUITY 420,000 540,000 960,000 (18,000) $942,000 QUESTION 1: Determine the following liability and equity ratios, Round your answers to the nearest two decimals (eg. 1.18 or 75). Current Ratio Earnings per Share Return on Assets QUESTION 2: If the market value of Lill's outstanding common stock is $48 per share at the end of 20Y4, how many times bigger is its market value than its book value? Round your answer to the nearest whole number (e.g. 2)