Use the comparative financial statements to calculate the ratio analysis. Market Price of common stock was $121.50 on Dec. 31, 2029.
	Stargate Inc.
	Comparative Retained Earnings Statement			Determine the following measures for 2029, rounding to two decimal places:
	For the Years Ended December 31, 2029 and 2028
		2029	2028			1. Working Capital
	Retained Earnings, January 1	$ 5,359,000	$ 4,554,000
	Net Income	921,000	1,017,000				Numerator	Denominator	Calculated Value
	Dividends:					2. Current Ratio
	Preferred Stock Dividends	(46,500)	(46,500)			3. Quick Ratio
	Common Stock Dividends	(55,000)	(55,000)			4. Accounts Receivable Turnover
	Retained Earnings, December 31	$ 6,178,500	$ 5,469,500			5. Number of Days' Sales in Receivables
						6. Inventory Turnover
						7. Number of Days Sales in Inventory
	Stargate Inc.			8. Ratio of Fixed Assets to Long-term Liabilities
	Comparative Income Statement			9. Ratio of Liabilities to Stock holders' Equity
	For the Years Ended December 31, 2029 and 2028			10. Times interest earned
		2029	2028			11. Asset turnover
	Sales	$ 9,988,000	$ 9,359,000			12. Return on total assets
	Cost of Merchandise Sold	5,250,000	4,725,000			13. Return on stockholders' equity
	Gross Profit	4,738,000	4,634,000			14. Return on common stockholders' equity
	Selling Expenses	2,100,000	1,950,000			15. Earnings per share on common stock
	Administrative Expenses	1,495,000	1,415,000			16. Price-earnings ratio
	Total Operating Expenses	3,595,000	3,365,000			17. Dividends per share of common stock
	Income from Operations	1,143,000	1,269,000			18. Dividend Yield
	Other Revenue & Expenses:
	Other Revenue	162,000	135,000
	Other Expenses (interest)	(159,000)	(167,000)
	Inccome before Income Tax Expense	1,146,000	1,237,000
	Income Tax Expense	225,000	220,000
	Net Income	$ 921,000	$ 1,017,000
	Stargate Inc.
	Comparative Balance Sheet
	For the Years Ended December 31, 2029 and 2028
		2029	2028
	Assets
	Current Assets:
	Cash	$ 560,000	$ 422,000
	Marketable Securities	955,000	1,015,000
	Accounts Receivable (net)	699,000	421,000
	Inventories	1,223,000	988,000
	Prepaid Expenses	189,000	321,000
	Total Current Assets	3,626,000	3,167,000
	Long-term Investments	2,560,000	2,788,000
	Property, Plant, and Equipments (net)	3,240,000	3,134,000
	Total Assets	$ 9,426,000	$ 9,089,000
	Liabilities
	Current Liabilities	$ 882,500	$ 869,500
	Long-term Liabilities:
	Mortage Note Payable, 10%	75,000	125,000
	Bonds Payable, 10%	1,265,000	1,600,000
	Total Long-term Liabilities	1,340,000	1,725,000
	Total Liabilities	2,222,500	2,594,500
	Stockholders' Equity
	Preferred $0.90 stock, $20 Par	425,000	425,000
	Common Stock, $10 Par	600,000	600,000
	Retained Earnings	6,178,500	5,469,500
	Total Stockholders' Equity	7,203,500	6,494,500
	Total Liabilities & Stockholders' Equity	$ 9,426,000	$ 9,089,000