sales in receiva The comparative Goancal statements of Bettancort Inc. are as followS S. Number of days The sales in receivables, 36s of Bettancort Inc. 365 of Bettancort Inc. common stock was $71.25 on December 31, 2016.TheR $2,655,000 $2400 The market Paid cash for prepaid expen measures of solvency and profitability PR 15-4A Nineteen Bettancort Inc. 2016 For the Years Ended December 31, 2016 and 2015 300,000 $2,955,000 Retained earnings January Add net income for year Total $ 15,000 10,000 Deduct dividends: On preferred stock 25 . $2,930,000 Total S2 Retained earnings, December 31 Bettancort Inc Comparative Income Statement For the Years Ended December 31, 2016 and 2015 2016 2015 $1,200,000 $ Sales 500,000 700,000 47 Selling expenses 5 240,00000 Administrative expenses... Total operating expenses Income from operations Other income.... 180,000 $ 420,000 $ 280,000 166,000 150 17 Other expense (interest)... Income before income tax .. Income tax expense 446,000400.0 400,000 380,000 340,000 60,000 66,000 80,000 $300,000 $ 280,000 Chapter 15 Financial Statement Analysis Cemparative Balance Sheet Dec. 31, 2016 Dec. 31 450,000 130,000 400,000 110.000 Accounts receivable (net Prepaid expenses 58,000 67,000 153000 2.350,000 967 800 Long-term investme Property, plant, and equipment Inet) Current liabilities Long-term liabilities 400,000 5 440,000 s 100.000 Mortgage note payable, 8%, due 2021... Bonds payable, 5%, due 2017 Total long-term labilities Total Nabilities Equity Preferred 50.75 stock, $10 par Common stock, $10 par Retained earnings 200.000 200,000 2.655.000 3.230000$2,955,000 470000 $4355000 100,000 Total stockholders' equity Instructions Determine the following measures for 2016, rounding to one decimal place 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days sales in receivables wer 6. Inventory turnover 7. Number of days' sales in inventory ron 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Number of times interest charges are eamed 11. Number of times preferred dividends are earned 12. Ratio of 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 pyouide o vuwerau pyoU for eaem ove 18. Dividends per share of common stock 19. Dividend yield One