Use the comparative financial statements to calculate the ratio analysis. Market Price of common stock was $119.70 on Dec. 31, 2020. Stargate Inc. Comparative Retained Earnings Statement Determine the following measures for 2020, rounding to two decimal places: 2019 1. Working Capital For the Years Ended December 31, 2020 and 2019 2020 Retained Earnings, January 1 Net Income Dividends: $ 5,375,000 $ 4,545,000 2. Current Ratio 900,000 925,000 3. Quick Ratio 4. Accounts Receivable Turnover (45,000) 5. Number of Days' Sales in Receivables Preferred Stock Dividends (45,000) (50,000) Common Stock Dividends (50,000) 6. Inventory Turnover Retained Earnings, December 31 $ 6,180,000 $ 5,375,000 7. Number of Days Sales in Inventory 8. Ratio of Fixed Assets to Long-term Liabilities 9. Ratio of Liabilities to Stock holders' Equity 10. Times interest earned Stargate Inc. 11. Asset turnover Comparative Income Statement For the Years Ended December 31, 2020 and 2019 12. Return on total assets 2019 13. Return on stockholders' equity $ 10,000,000 $ 9,400,000 14. Return on common stockholders' equity 4,950,000 15. Earnings per share on common stock 2020 Sales Cost of Merchandise Sold 5,350,000 Gross Profit 4,650,000 4,450,000 16. Price-earnings ratio Selling Expenses Administrative Expenses Total Operating Expenses Income from Operations Other Revenue & Expenses: 2,000,000 1,880,000 |17. Dividends per share of common stock 1,500,000 1,410,000 18. Dividend Yield 3,500,000 3,290,000 1,150,000 1,160,000 Other Revenue 150,000 140,000 (170,000) (150,000) Other Expenses (interest) Inccome before Income Tax Expense Income Tax Expense 1,130,000 1,150,000 230,000 225,000 Net Income 900,000 $ 925,000 Stargate Inc. Comparative Balance Sheet For the Years Ended December 31, 2020 and 2019 2020 2019 Assets Current Assets: Cash $ 500,000 $ 400,000 Marketable Securities 1,010,000 1,000,000 Stargate Inc. Comparative Balance Sheet For the Years Ended December 31, 2020 and 2019 2020 2019 Assets Current Assets: Cash 500,000 $ 400,000 Marketable Securities 1,010,000 1,000,000 Accounts Receivable (net) 510,000 950,000 740,000 Inventories 1,190,000 Prepaid Expenses 229,000 3,089,000 250,000 Total Current Assets 3,690,000 Long-term Investments Property, Plant, and Equipments (net) Total Assets 2,350,000 2,300,000 3,740,000 $ 9,780,000 $ 8,755,000 3,366,000 Liabilities Current Liabilities 900,000 $ 880,000 Long-term Liabilities: Mortage Note Payable, 10% Bonds Payable, 10% 200,000 1,500,000 1,700,000 2,600,000 1,500,000 Total Long-term Liabilities Total Liabilities 1,500,000 2,380,000 Stockholders' Equity Preferred $0.90 stock, $10 Par Common Stock, $5 Par Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 500,000 500,000 500,000 500,000 6,180,000 5,375,000 7,180,000 6,375,000 $ 9,780,000 $ 8,755,000