Summary of Accounting Policies: (13 points) 1. How many significant accounting policies are explained? Give three examples. 2. How are inventories stated? 3. Are there any workers' compensation or benefits shown? 4. Is there any stock-based compensation? 5. Are issues related to inflation or foreign transactions discussed? Using Analytical Measures, compute the following: (54 points) 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders' equity 14. Return on common stockholders' equity 15. Earnings per share (EPS) on common stock 16. Price-earnings (PE) ratio 17. Dividends per share 18. Dividend Yield