The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $61 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			$1,822,800		$1,556,100
Add net income for year			386,400		318,700
Total			$2,209,200		$1,874,800
Deduct dividends
	On preferred stock		$13,300		$13,300
	On common stock		38,700		38,700
		Total	$52,000		$52,000
Retained earnings, December 31			$2,157,200		$1,822,800

Blige Inc.
Comparative Income Statement
For the Years Ended December 31, 2016 and 2015
	2016		2015
Sales	$2,377,030		$2,186,900
Sales returns and allowances	11,830		7,690
Sales	$2,365,200		$2,179,210
Cost of goods sold	867,970		798,530
Gross profit	$1,497,230		$1,380,680
Selling expenses	$501,170		$603,340
Administrative expenses	426,920		354,340
Total operating expenses	928,090		957,680
Income from operations	$569,140		$423,000
Other income	29,960		27,000
	$599,100		$450,000
Other expense (interest)	160,000		88,000
Income before income tax	$439,100		$362,000
Income tax expense	52,700		43,300
Net income	$386,400		$318,700

Blige Inc. Comparative Balance Sheet December 31, 2016 and 2015
			Dec. 31, 2016		Dec. 31, 2015
Assets
Current assets
	Cash		$526,950		$326,410
	Temporary investments		797,540		540,910
	Accounts receivable (net)		452,600		423,400
	Inventories		335,800		262,800
	Prepaid expenses		99,694		65,280
		Total current assets	$2,212,584		$1,618,800
Long-term investments			1,025,096		169,485
Property, plant, and equipment (net)			2,400,000		2,160,000
Total assets			$5,637,680		$3,948,285
Liabilities
Current liabilities			$670,480		$215,485
Long-term liabilities
	Mortgage note payable, 8%, due 2021		$900,000		$0
	Bonds payable, 8%, due 2017		1,100,000		1,100,000
		Total long-term liabilities	$2,000,000		$1,100,000
Total liabilities			$2,670,480		$1,315,485
Stockholders' Equity
Preferred $0.7 stock, $20 par			$380,000		$380,000
Common stock, $10 par			430,000		430,000
Retained earnings			2,157,200		1,822,800
	Total stockholders' equity		$2,967,200		$2,632,800
Total liabilities and stockholders' equity			$5,637,680		$3,948,285

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.