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The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $57 on December 31, 2016. Blige

The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $57 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 $3,350,100 $2,838,500 Add net income for year 769,600 581,400 Total $4,119,700 $3,419,900 Deduct dividends On preferred stock $9,800 $9,800 On common stock 60,000 60,000 Total $69,800 $69,800 Retained earnings, December 31 $4,049,900 $3,350,100 Blige Inc. Comparative Income Statement For the Years Ended December 31, 2016 and 2015 2016 2015 Sales $4,489,200 $4,130,100 Sales returns and allowances 22,330 14,510 Sales $4,466,870 $4,115,590 Cost of goods sold 1,598,700 1,470,800 Gross profit $2,868,170 $2,644,790 Selling expenses $960,660 $1,186,180 Administrative expenses 818,340 696,650 Total operating expenses 1,779,000 1,882,830 Income from operations $1,089,170 $761,960 Other income 57,330 48,640 $1,146,500 $810,600 Other expense (interest) 272,000 149,600 Income before income tax $874,500 $661,000 Income tax expense 104,900 79,600 Net income $769,600 $581,400 Blige Inc. Comparative Balance Sheet December 31, 2016 and 2015 Dec. 31, 2016 Dec. 31, 2015 Assets Current assets Cash $676,900 $859,960 Temporary investments 1,024,490 1,425,080 Accounts receivable (net) 795,700 744,600 Inventories 598,600 467,200 Prepaid expenses 128,062 171,990 Total current assets $3,223,752 $3,668,830 Long-term investments 2,346,068 1,301,532 Property, plant, and equipment (net) 4,420,000 3,978,000 Total assets $9,989,820 $8,948,362 Liabilities Current liabilities $1,039,920 $2,228,262 Long-term liabilities Mortgage note payable, 8%, due 2021 $1,530,000 $0 Bonds payable, 8%, due 2017 1,870,000 1,870,000 Total long-term liabilities $3,400,000 $1,870,000 Total liabilities $4,439,920 $4,098,262 Stockholders' Equity Preferred $0.7 stock, $50 par $700,000 $700,000 Common stock, $10 par 800,000 800,000 Retained earnings 4,049,900 3,350,100 Total stockholders' equity $5,549,900 $4,850,100 Total liabilities and stockholders' equity $9,989,820 $8,948,362

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 %

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