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Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.90 stock, $10 par Common stock, $5 par Retained earnings Total stockholders' equity Total liabilities and stockholders'

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.90 stock, $10 par Common stock, $5 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Required: \begin{tabular}{ll} \hline$1,700,000 & $1,500,000 \\ \hline$2,600,000 & $2,380,000 \\ \hline \end{tabular} \begin{tabular}{rr} $500,000 & $500,000 \\ 500,000 & 500,000 \\ 6,180,000 & 5,375,000 \\ \hline$7,180,000 & $6,375,000 \\ \hline$9,780,000 & $8,755,000 \\ \hline \hline \end{tabular} subsequent requirement, if required. Assume 365 days a year. Stargel Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 \begin{tabular}{lrr} \hline & 20Y2 & \multicolumn{1}{c}{20Y1} \\ \hline 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) \\ Operating income & $1,150,000 & $1,160,000 \\ Other revenue and expense: & & \\ \multicolumn{1}{c}{ Other revenue } & 150,000 & 140,000 \\ \multicolumn{1}{c}{ Other expense (interest) } & (170,000) & (150,000) \\ Income before income tax expense & $1,130,000 & $1,150,000 \\ Income tax expense & (230,000) & (225,000) \\ Net income & $900,000 & $925,000 \\ \cline { 2 - 3 } & & \end{tabular} Measures of liquidity, solvency and profitability The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel common stock was $119.70 on December 31,20Y2. Stargel Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Days' sales in receivables $ 6. Inventory turnover 7. Days' sales in inventory days 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders' equity 14. Return on common stockholders' equity days 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield %

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