Ratio of liabilities to stockholders' equity	$2,590,000 $4,015,000
Accounts receivable turnover	$8,280,000 [($714,000 + $740,000) 2]
Quick ratio	$1,866,000 $900,000
Current ratio	$3,091,000 $900,000
Number of days' sales in receivables	[($714,000 + $740,000) 2] ($8,280,000 365)
Number of times interest charges are earned	($989,400 + $127,000) $127,000
Number of times preferred dividends are earned	$801,420 $65,000
Number of days' sales in inventory	[($1,072,000 + $1,100,000) 2] ($4,100,000 365)
Working capital	$3,091,000 $900,000
Inventory turnover	$4,100,000 [($1,072,000 + $1,100,000) 2]
Ratio of fixed assets to long-term liabilities	$2,690,000 $1,690,000

Points:

Use the balance sheet form below to enter amounts you identify from the calculations on the Liquidity and Solvency Measures panel. You will identify other amounts for the balance sheet on the Profitability Measures panel. If you have a choice of two amounts, assume the first amount in the ratio is for the end of the year. Calculate any missing amounts.

Balance Sheet amounts

December 31

1	Assets
2	Current assets:
3	Cash	$823,000.00
4	Marketable securities
5	Accounts receivable (net)
6	Inventory
7	Prepaid expenses
8	Total current assets
9	Long-term investments
10	Property, plant, and equipment (net)
11	Total assets
12	Liabilities
13	Current liabilities
14	Long-term liabilities
15	Total liabilities
16	Stockholders Equity
17	Preferred stock, $10 par
18	Common stock, $5 par
19	Retained earnings
20	Total stockholders equity
21	Total liabilities and stockholders equity