The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $60 on December 31, 2016. Blige Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 Retained earnings, January 1 $4,149,400 $3,494,100 Add net income for year 921,600 715,700 Total $5,071,000 $4,209,800 Deduct dividends On preferred stock $11,900 $11,900 On common stock 48,500 48,500 Total $60,400 $60,400 Retained earnings, December 31 $5,010,600 $4,149,400 Blige Inc. Comparative Income Statement For the Years Ended December 31, 2016 and 2015 2016 2015 Sales $5,929,725 $5,455,300 Sales returns and allowances 29,500 19,180 Sales $5,900,225 $5,436,120 Cost of goods sold 2,353,520 2,165,240 Gross profit $3,546,705 $3,270,880 Selling expenses $1,144,030 $1,430,430 Administrative expenses 974,545 840,100 Total operating expenses 2,118,575 2,270,530 Income from operations $1,428,130 $1,000,350 Other income 75,170 63,850 $1,503,300 $1,064,200 Other expense (interest) 456,000 251,200 Income before income tax $1,047,300 $813,000 Income tax expense 125,700 97,300 Net income $921,600 $715,700 Blige Inc. Comparative Balance Sheet December 31, 2016 and 2015 Dec. 31, 2016 Dec. 31, 2015 Assets Current assets Cash $1,270,390 $832,370 Temporary investments 1,922,750 1,379,360 Accounts receivable (net) 1,146,100 1,080,400 Inventories 861,400 657,000 Prepaid expenses 240,340 166,470 Total current assets $5,440,980 $4,115,600 Long-term investments 2,633,280 279,441 Property, plant, and equipment (net) 6,270,000 5,643,000 Total assets $14,344,260 $10,038,041 Liabilities Current liabilities $1,813,660 $928,641 Long-term liabilities Mortgage note payable, 8%, due 2021 $2,560,000 $0 Bonds payable, 8%, due 2017 3,140,000 3,140,000 Total long-term liabilities $5,700,000 $3,140,000 Total liabilities $7,513,660 $4,068,641 Stockholders' Equity Preferred $0.7 stock, $50 par $850,000 $850,000 Common stock, $10 par 970,000 970,000 Retained earnings 5,010,600 4,149,400 Total stockholders' equity $6,830,600 $5,969,400 Total liabilities and stockholders' equity $14,344,260 $10,038,041 Required: Determine the following measures for 2016, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year. 1. Working capital $ 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables days 6. Inventory turnover 7. Number of days' sales in inventory days 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Number of times interest charges are earned 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 18. Dividends per share of common stock $ 19. Dividend yield %