The comparative financial statements of Caylay Technologies Inc. are as follows. The market price of Caylay Technologies Inc. common stock was $40 on December 31, 2010..

InstructionsDetermine the following measures for 2010, rounding to one decimal place:1. Working capital2. Current ratio3. Quick ratio4. Accounts receivable turnover5. Number of days' sales in receivables6. Inventory turnover7. Number of days' sales in inventory8. Ratio of fixed assets to long-term liabilities9. Ratio of liabilities to stockholders' equity10. Number of times interest charges earned11. Number of times preferred dividends earned12. Ratio of net sales to assets13. Rate earned on total assets14. Rate earned on stockholders' equity15. Rate earned on common stockholders' equity16. Earnings per share on common stock17. Price-earnings ratio18. Dividends per share of common stock19. Dividend yield

Caylay Technologies Inc. Comparative Retained Eamings Statement For the Years Ended December 31, 2010 and 2009 2010 2009 Retained earnings, January 1 Add net income for year $1,453,600 482,850 $1,936,450 $1,218,100 307,500 Total $1,525,600 Deduct dividends: On preferred stock On common stock Total ..... $ 24,000 48,000 %24 $ 24,000 48,000 %24 72,000 72,000 $1,864,450 $1,453,600 Retained earnings, December 31 Caylay Technologies Inc. Comparative Income Statement For the Years Ended December 31, 2010 and 2009 2010 2009 Sales (all on account) $4,245,000 35,000 $4,210,000 1,866,150 $2,343,850 $ 907,500 607,500 $1,515,000 $ 828,850 60,000 $ 888,850 196,000 $ 692,850 210,000 $ 482,850 $3,675,000 22,500 Sales returns and allowances Net sales $3,652,500 1,725,000 $1,927,500 $ 862,500 570,000 $1,432,500 $ 495,000 45,000 $ 540,000 90,000 $ 450,000 142,500 $ 307,500 Cost of goods sold Gross profit . Selling expenses Administrative expenses Total operating expenses Income from operations Other income Other expense (interest) Income before income tax Income tax expense Net income