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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

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 2015
Retained earnings, January 1 $5,375,000 $4,545,000
Add net income for year 900,000 925,000
Total $6,275,000 $5,470,000
Deduct dividends:
On preferred stock $45,000 $45,000
On common stock 50,000 50,000
Total $95,000 $95,000
Retained earnings, December 31 $6,180,000 $5,375,000

Stargel Inc.
Comparative Income Statement
For the Years Ended December 31, 2016 and 2015
2016 2015
Sales (all on account) $10,050,000 $9,450,000
Sales returns and allowances 50,000 50,000
Sales $10,000,000 $9,400,000
Cost of goods sold 5,350,000 4,950,000
Gross profit $4,650,000 $4,450,000
Selling expenses $2,000,000 $1,880,000
Administrative expenses 1,500,000 1,410,000
Total operating expenses $3,500,000 $3,290,000
Income from operations $1,150,000 $1,160,000
Other income 150,000 140,000
$1,300,000 $1,300,000
Other expense (interest) 170,000 150,000
Income before income tax $1,130,000 $1,150,000
Income tax expense 230,000 225,000
Net income $900,000 $925,000

Stargel Inc.
Comparative Balance Sheet
December 31, 2016 and 2015
Dec. 31, 2016 Dec. 31, 2015
Assets
Current assets:
Cash $500,000 $400,000
Marketable securities 1,010,000 1,000,000
Accounts receivable (net) 740,000 510,000
Inventories 1,190,000 950,000
Prepaid expenses 250,000 229,000
Total current assets $3,690,000 $3,089,000
Long-term investments 2,350,000 2,300,000
Property, plant, and equipment (net) 3,740,000 3,366,000
Total assets $9,780,000 $8,755,000
Liabilities
Current liabilities $900,000 $880,000
Long-term liabilities:
Mortgage note payable, 8.8%, due 2021 $200,000 $0
Bonds payable, 9%, due 2017 1,500,000 1,500,000
Total long-term liabilities $1,700,000 $1,500,000
Total liabilities $2,600,000 $2,380,000
Stockholders' Equity
Preferred $0.90 stock, $10 par $500,000 $500,000
Common stock, $5 par 500,000 500,000
Retained earnings 6,180,000 5,375,000
Total stockholders' equity $7,180,000 $6,375,000
Total liabilities and stockholders' equity $9,780,000 $8,755,000

Required:

Determine the following measures for 2016, rounding to one decimal place, except dollars 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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