The comparative financial statements of Ryan Express, Inc are as follows. The market price of Ryan Express stock was $125.10 on December 31, 2020. Ryan Express, Inc. Comparative Statement of Retained Earnings For Years Ended December 31, 2020 and 2019 Retained Earnings, January 1 Add net income for the year Total Deduct Dividends 2020 2019 $5,370,000 $4,545,000 889,000 930,000 6,259,000 5,475,000 On preferred stock On common stock Total 52,000 53,000 54,000 41,000 106,000 94,000 Retained Earnings, December 31 $6,153,000 $5,381,000 Ryan Express, Inc. Comparative Income Statement For Years Ended December 31, 2020 and 2019 2020 2019 Sales (all on account) $10,056,000 $9,459,000 Sales Returns & Allowances 42,000 41,000 Net Sales 10,014,000 9,418,000 Cost of Goods Sold 5,346,000 4,946,000 Gross Profit 10,014,000 4,472,000 Selling Expense Administrative Expense 1,995,000 1,878,000 1,506,000 1,410,000 Total Operating Expenses 3,501,000 3,288,000 Income from operations Other Income Total Operating Income 1,148,000 1,165,000 151,000 140,000 1,299,000 1,305,000 Other expenses (interest) 177,000 144,000 Income before taxes 1,122,000 1,161,000 Income tax expense 233,000 231,000 Net Income $889,000 $930,000 Ryan Express, Inc. Balance Sheet December 31, 2020 Assets Cash 518,000 Marketable securities 1,027,000 Accounts Receivable (net) 754,000 Merchandise Inventory 1,200,000 Prepaid Expense 270,000 Total Current Assets 3,769,000 Long-term investments 2,356,000 Property, Plant & Equip. 3,734,000 TOTAL ASSETS 9,859,000 Liabilities Total Current Liab. 918,000 Long-term Liabilities: Mortgage note payable due 2020 217,000 Bonds Payable, 10% due 2019 1,514,000 Total Long-term Liab. 1,731,000 Total Liabilities 2,649,000 Stockholders' Equity Preferred $0.90 stock, $10 par 510,000 Common Stock, $5 par 520,000 Retained Earnings 6,153,000 Total Stockholders Equity 7,183,000 TOTAL LIAB + EQUITY 9,832,000 Ryan Express, Inc. Balance Sheet December 31, 2019 Assets Cash 391,000 Marketable securities 991,000 Accounts Receivable (net) 500,000 Merchandise Inventory 944,000 Prepaid Expense 219,000 Total Current Assets 3,045,000 Long-term investments 2,306,000 Property, Plant & Equip. 3,370,000 TOTAL ASSETS 8,721,000 Liabilities Total Current Liab. Long-term Liabilities: 871,000 Mortgage note payable due 2020 0 Bonds Payable, 10% due 2019 1,491,000 Total Long-term Liab. 1,491,000 Total Liabilities 2,362,000 Stockholders' Equity Preferred $0.90 stock, $10 par 490,000 Common Stock, $5 par 494,000 Retained Earnings 5,381,000 Total Stockholders Equity 6,365,000 TOTAL LIAB + EQUITY 8,727,000 Using the information from Ryan Express, Inc. financial statements, compute the following for 2020: 1. Working Capital = $ 2. Current Ratio = 3. Quick Ratio = 4. Accounts Receivable turnover = 5. Number of day's sales in receivables = 6. Inventory turnover = 7. Number of days' sales in inventory = 8. Rate earned on common stockholder's equity = 9. Earnings per share on common stock = $ 10. Price-earnings ratio = % 59