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 2012, rounding to one decimal place, except dollar amounts which should be rounded to the nearest cont. Use the rounded answer of the requirement for subsequent requirement, If required, Assume 365 days a vear. 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of day sales in receivables days 6. Inventory turnover 7. Number of days sales In Inventory days 3. Tatio of fixed assets to long-term liabilities 9. Ratio of Bailes to stockholdersquity 10. The interest earned 12. Turn on tott 13. stod oder quity 05 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, 2012. Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Retained earnings, January 1 $5,375,000 $4,545,000 Net income $900,000 $925,000 Dividends: On preferred stock (45,000) (45,000) On common stock (50,000) (50,000) $805,000 $830,000 Increase in retained earnings Retained earnings, December 31 $6.180,000 55,375,000 Stargel Inc. Comparative Income Statement For the Years Euded December 31, 20Y2 and 2041 2012 2011 1 T 0:00 sodina For the Years Ended December 31, 2012 and 2041 2012 2011 Sales $10,000,000 $9,400,000 Cost of goods sold (5,350,000) Gross profit (4,950,000) $4,450,000 Selling expenses Administrative expenses $4,650,000 $(2,000,000) (1,500,000) Total operating expenses $(1,880,000) (1,410,000) $(3,290,000) $1,160,000 $(3,500,000) Operating income Other revenue and expense: $1,150,000 150,000 140,000 Other revenue Other expense interest) Income before income tax expense (170,000) (150,000) $1,150,000 31,130,000 Income tax expense Net Income (230,000) $900,000 (225,000) $925,000 Stargel Inc. Comparative Balance Sheet December 31, 2012 and 2041 Stargel Inc. Comparative Balance Sheet December 31, 2012 and 2041 2012 2011 Assets Current assets: $500,000 $400,000 1,010,000 1,000,000 510,000 Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets 740,000 1,190,000 950,000 229,000 250,000