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Accounting

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 net sales to assets
13. Rate earned on total assets %
14. Rate earned on stockholders' equity %
15. Rate earned 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 %

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 $69 on December 31, 2014.

Blige Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 2014 and 2013
2014 2013
Retained earnings, January 1 $2,423,450 $2,048,350
Add net income for year 577,600 419,600
Total $3,001,050 $2,467,950
Deduct dividends
On preferred stock $9,100 $9,100
On common stock 35,400 35,400
Total $44,500 $44,500
Retained earnings, December 31 $2,956,550 $2,423,450
Blige Inc.
Comparative Income Statement
For the Years Ended December 31, 2014 and 2013
2014 2013
Sales $3,471,630 $3,193,900
Sales returns and allowances 17,270 11,230
Net sales $3,454,360 $3,182,670
Cost of goods sold 1,357,800 1,249,180
Gross profit $2,096,560 $1,933,490
Selling expenses $655,870 $847,030
Administrative expenses 558,710 497,460
Total operating expenses 1,214,580 1,344,490
Income from operations $881,980 $589,000
Other income 46,420 37,600
$928,400 $626,600
Other expense (interest) 272,000 149,600
Income before income tax $656,400 $477,000
Income tax expense 78,800 57,400
Net income $577,600 $419,600
Blige Inc.
Comparative Balance Sheet
December 31, 2014 and 2013
Dec. 31, 2014 Dec. 31, 2013
Assets
Current assets
Cash $867,420 $532,040
Temporary investments 1,312,850 881,670
Accounts receivable (net) 686,200 642,400
Inventories 511,000 394,200
Prepaid expenses 164,107 106,410
Total current assets $3,541,577 $2,556,720
Long-term investments 1,258,178 313,177
Property, plant, and equipment (net) 3,740,000 3,366,000
Total assets $8,539,755 $6,235,897
Liabilities
Current liabilities $1,073,205 $832,447
Long-term liabilities
Mortgage note payable, 8%, due 2019 $1,530,000 $0
Bonds payable, 8%, due 2015 1,870,000 1,870,000
Total long-term liabilities $3,400,000 $1,870,000
Total liabilities $4,473,205 $2,702,447
Stockholders' Equity
Preferred $0.70 stock, $40 par $520,000 $520,000
Common stock, $10 par 590,000 590,000
Retained earnings 2,956,550 2,423,450
Total stockholders' equity $4,066,550 $3,533,450
Total liabilities and stockholders' equity $8,539,755 $6,235,897

Required:

Determine the following measures for 2014, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year.

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