Nineteen Measures of Solvency and Profitability The comparative financial statements of Blige Inc. are as follows….

Nineteen Measures of Solvency and Profitability The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $63 on December 31, 2016. Blige Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 Retained earnings, January 1 $1,421,300 Add net income for year 316,800 $1,212,400 248,300 $1,460,700 $1,738,100 Total Deduct dividends On preferred stock On common stock Total $10,500 28,900 $10,500 28,900 $39,400 $39,400 Retained earnings, December 31 $1,698,700 $1,421,300 Blige Inc. Comparative Income Statement For the Years Ended December 31, 2016 and 2015 2016 Sales 2015 $1,842,600 6,470 $1,836,130 $2,002,860 9,960 $1,992,900 Sales returns and allowances Sales Blige Inc. Comparative Income Statement For the Years Ended December 31, 2016 and 2015 2016 2015 $1,842,600 6,470 Sales returns and allowances Sales $1,835, 130 Cost of goods sold $2,002,860 9,960 $1,992,900 792,050 $1,200,850 $381,700 325,150 728,690 Gross profit $1,107,440 Selling expenses $478,570 Administrative expenses 281,070 Total operating expenses 706,850 759,640 Income from operations $494,000 $347,800 22,200 Other income 26,000 $370,000 $520,000 160,000 88.000 Other expense (interest) Income before income tax $282,000 $360,000 43,200 33.700 Income tax expense $316,800 $248,300 Net income Blige Inc. Comparative Balance Sheet December 31, 2016 and 2015 Blige Inc. Comparative Balance Sheet December 31, 2016 and 2015 Dec 31, 2016 Dec 31, 2015 Current assets Cash Temporary Investments Accounts receivable (net) Inventories $445,210 673,840 394,200 292,000 84,231 $299,250 495,930 372,300 219,000 59,850 $1,446,340 101,328 Prepaid expenses Total current assets $1,889,481 Long-term investments 821,789 2,200,000 1.980.000 Property, plant, and equipment (net) Total assets $4,911,270 $3,527,668 Liabilities $572570 5.366,368 $900,000 30 Current liabilities Long-term biti Mortgage note payable, o due 2021 Bonds payable, due 2017 Total long-term liabilities 1,100,000 1.100.000 $2,000,000 $1.100.000 Total abilities $2,572,570 $1.466,368 Stockholders’ Equity Preferred $0.7 stock. $20 bar $300.000 $300.000 We were unable to transcribe this imageDetermine the following measures for 2016, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest of the requirement for subsequent requirement, if required. Assume 365 days a year. 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days’ sales in receivables days 6. Inventory turnover 7. Number of days’ sales in inventory days 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders’ equity 10. Number of times interest charges are earned 11. Number of times preferred dividends are earned 12. Ratio of sales to assets 13. Rate earned on total assets 14. Rate earned on stockholders’ equity 15. Rate eamed on common stockholders’ equity 16. Earnings per share on common stock 17. Price-earnings ratio 18. Dividends per share of common stock 19. Dividend yield