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The comparative financial statements of Ryan Express, Inc are as follows. The market price of Ryan Express stock was $120.90 on December 31, 2020. begin{tabular}{|lr}

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed The comparative financial statements of Ryan Express, Inc are as follows. The market price of Ryan Express stock was $120.90 on December 31, 2020. \begin{tabular}{|lr} \hline \multicolumn{2}{|c}{\begin{tabular}{c} Ryan Express, Inc. \\ Balance Sheet \\ December 31, 2020 \end{tabular}} \\ \hline Assets & 515,000 \\ \hline Cash & 1,023,000 \\ \hline Marketable securities & 746,000 \\ \hline Accounts Receivable (net) & 1,204,000 \\ \hline Merchandise Inventory & 255,000 \\ \hline Prepaid Expense & 3,743,000 \\ \hline Total Current Assets & \\ \hline & 2,343,000 \\ \hline Long-term investments & 3,747,000 \\ \hline Property, Plant \& Equip. & 9,833,000 \\ \hline ToTAL ASSETS & 9,854,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \multicolumn{2}{|l|}{\begin{tabular}{l} Ryan Express, Inc. \\ Balance Sheet \\ December 31, 2019 \end{tabular}} \\ \hline \multicolumn{2}{|l|}{ Assets } \\ \hline Cash & 395,000 \\ \hline Marketable securities & 993,000 \\ \hline Accounts Receivable (net) & 504,000 \\ \hline Merchandise Inventory & 946,000 \\ \hline Prepaid Expense & 221,000 \\ \hline Total Current Assets & 3,059,000 \\ \hline Long-term investments & 2,317,000 \\ \hline Property, Plant \& Equip. & 3,357,000 \\ \hline TOTAL ASSETS & 8,733,000 \\ \hline \multicolumn{2}{|l|}{ Liabilities } \\ \hline Total Current Liab. & 875,000 \\ \hline \multicolumn{2}{|l|}{ Long-term Liabilities: } \\ \hline Mortgage note payable due 2020 & 0 \\ \hline Bonds Payable, 10\% due 2019 & 1,493,000 \\ \hline Total Long-term Liab. & 1,493,000 \\ \hline Total Liabilities & 2,368,000 \\ \hline \multicolumn{2}{|l|}{ Stockholders' Equity } \\ \hline Preferred $0.90 stock, $10 par & 494,000 \\ \hline Common Stock, \$5 par & 496,000 \\ \hline Retained Earnings & 5,371,000 \\ \hline Total Stockholders Equity & 6,361,000 \\ \hline TOTAL LIAB + EQUITY & 8,729,000 \\ \hline \end{tabular} Using the information from Ryan Express, Inc. financial statements, compute the following for 2020 : 1. Working Capital =$ 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 =

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