The comparative financial statements of Tec Solutions Inc. are as follows. The market price of Tec Solutions Inc. common stock was $89.75 on December 31, 20Y8.

Tec Solutions Inc. Comparative Income Statement

For the Years Ended December 31, 20Y8 and 20Y7 20Y8 20Y7

Sales $1,940,000 $1,450,000

Sales returns and allowances 15,000 10,000

Net sales $1,925,000 $1,440,000

Cost of goods sold 780,000 575,000

Gross profit $1,145,000 $ 865,000

Selling expenses $ 385,000 $ 365,000

Administrative expenses 215,000 200,000

Total operating expenses $ 600,000 $ 565,000

Income from operations $ 545,000 $ 300,000

Other income 25,000 43,000

$ 570,000 $ 343,000

Other expense (interest) 115,000 75,000

Income before income tax $ 455,000 $ 268,000

Income tax expense 91,000 40,000

Net income $ 364,000 $ 228,000

Tec Solutions Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y8 and 20Y7 20Y8 20Y7 Retained earnings, January 1 $381,000 $168,000 Add net income for year 364,000 228,000 Total $745,000 $396,000 Deduct dividends: On preferred stock $ 5,000 $ 5,000 On common stock 40,000 10,000 Total $ 45,000 $ 15,000 Retained earnings, December 31 $700,000 $381,000

Assets Current assets: Cash $ 175,000 $ 200,000 Temporary investments 250,000 292,000 Accounts receivable (net) 190,000 160,000 Inventories 300,000 260,000 Prepaid expenses 50,000 13,000 Total current assets $ 965,000 $ 925,000 Long-term investments 400,000 100,000 Property, plant, and equipment (net) 1,135,000 875,000 Total assets $2,500,000 $1,900,000 Liabilities Current liabilities $ 200,000 $ 419,000 Long-term liabilities: Mortgage note payable, 8%, due in 15 years $ 500,000 Bonds payable, 10%, due in 20 years 750,000 $ 750,000 Total long-term liabilities $1,250,000 $ 750,000 Total liabilities $1,450,000 $1,169,000 Stockholders Equity Preferred $5 stock, $100 par $ 100,000 $ 100,000 Common stock, $5 par 250,000 250,000 Retained earnings 700,000 381,000 Total stockholders equity $1,050,000 $ 731,000 Total liabilities and stockholders equity $2,500,000 $1,900,000

Determine the following measures for 20Y8, rounding to one decimal place:

1. Working capital

2. Current ratio

3. Quick ratio

4. Accounts receivable turnover

5. Number of days sales in receivables

6. Inventory turnover

7. Number of days sales in inventory

8. Ratio of fixed assets to long-term liabilities

9. Ratio of liabilities to stockholders equity

10. Number of times interest charges earned

11. Number of times preferred dividends earned

12. Ratio of net 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

1.	Working capital:			-		=
							Calculated
	Ratio		Numerator		Denominator		Value
2.	Current ratio					=
3.	Quick ratio					=
4.	Accounts receivable turnover					=
5.	Number of days' sales in receivables					=
6.	Inventory turnover					=
7.	Number of days' sales in inventory					=
8.	Ratio of fixed assets to long-term liabilities					=
9.	Ratio of liabilities to stockholders' equity					=
10.	Number of times interest charges earned					=
11.	Number of times preferred dividends earned					=
12.	Ratio of net 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					=