QUESTION 15 Liability and Equity Analysis Lill Company started 20Y6 with $2,300,000 in total assets. During 2016, 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 $2.260.000 420.000 Liabilities Total current liabilities Total long-term liabilities TOTAL LIABILITIES 898.000 $1,318,000 $100,000 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 200.000 120,000 420.000 $100,000 200.000 120.000 Stockholders' Equity Pald-in capital Common stock ($1 par Paid-in capital in excess of par - common stock Preferred stock $5 par) Total pald.in capital Retained earnings Total paid-in capital and retained earnings Treasury stock 12.000 shares) TOTAL STOCKHOLDERS' EQUITY 420.000 540.000 900,000 (18.000) $942.000 QUESTION 1: Determine the following liability and equity ratios. Round your answers to the nearest two decimals leg 118 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 leg 2)