The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel Inc. common stock was $119.70 on December 31, 2016. Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 Retained earnings, January 1.. $5,375,000 Add net income for year... 900,000 Total $6,275,000 Deduct dividends: On preferred stock... $ 45,000 On common stock.. 50,000 Total.. $ 95,000 Retained earnings, December 31... $6,180,000 2015 $4,545,000 925,000 $5,470,000 $ 45,000 50,000 $ 95,000 $5,375,000 Sales ... Cost of goods sold. Gross profit Selling expenses. Administrative expenses Total operating expenses Stargol Inc. Comparative Income Statement For the Years Ended December 31, 2016 and 2015 2016 $10,000,000 5,350,000 $ 4,650,000 $ 2.000.000 1,500,000 $ 3.500.000 2015 $9.400.000 4.950.000 54,450,000 $1.880.000 1,410,000 $3.290.000 AD1 Stargal Inc. Comparative Income Statement For the Years Ended December 31, 2016 and 2015 2016 Sales .. $10,000,000 Cost of goods sold.. 5,350,000 Gross profit $ 4,650,000 Selling expenses ..... $ 2,000,000 Administrative expenses.. 1,500,000 Total operating expenses $ 3,500,000 Income from operations. $ 1,150,000 Other income.... 150,000 $ 1,300,000 Other expense (interest)... 170,000 Income before income tax $ 1,130,000 Income tax expense. 230.000 Net income... $ 900.000 2015 $9,400,000 4,950,000 $4,450,000 $1,880,000 1,410,000 $3,290,000 $1,160,000 140,000 $1,300,000 150.000 $1,150,000 225.000 5 925,000 Stargelinc. Comparative Balance Sheet December 31, 2016 and 2015 Dec 31, 2016 Dec 31, 2015 Assets Current assets: Cash. Marketable securities .... Accounts receivable (net). Inventories...... Prepaid expenses $ 500,000 1,010,000 740,000 1.190,000 250,000 $400,000 1,000,000 510,000 950,000 229.000 Stargelinc. Comparative Balance Sheet December 31, 2016 and 2015 Dec. 31, 2016 Dec 31, 2015 $ 500,000 1,010,000 740,000 1,190,000 250,000 $3,690,000 2,350,000 3,740,000 $9,780,000 $ 400,000 1,000,000 510,000 950,000 229,000 $3,089,000 2,300,000 3,366,000 $8,755,000 Assets Current assets: Cash... *********** Marketable securities Accounts receivable (net)...... Inventories...... Prepaid expenses........ Total current assets.... Long-term investments ..... Property, plant, and equipment (net) Total assets ... Liabilities Current liabilities....... Long-term liabilities: Mortgage note payable, 8.8%, due 2021 Bonds payable, 9%, due 2017.. Total long-term liabilities Total liabilities ... n Stockholders' Equity Preferred 50.90 stock, 510 par.. Common stock, 55 par... Retained earnings Total stockholders'equity Total liabilities and stockholders egy $ 900,000 $ 880,000 $ 200,000 1,500,000 $1,700,000 $2,600,000 1,500,000 $1,500,000 $2,380,000 $ 500,000 500.000 6,180,000 57,180,000 $9,780,000 $ 500,000 500,000 5,375,000 $6,375,000 58,755.000 Instructions 1. Determine the following measures for 2016, rounding to one decimal place, except per-share amounts, which should be rounded to the nearest penny: 1. Quick ratio 2. Accounts receivable turnover 3. Number of days' sales in inventory 4. Ratio of fixed assets to long-term liabilities 5. Ratio of liabilities to stockholders' equity 6. Number of times interest charges are earned 7. Number of times preferred dividends are earned 8. Ratio of sales to assets 9. Rate earned on total assets 10. Rate earned on stockholders' equ