The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $64 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 $1,309,050 $1,111,450

Add net income for year 292,000 227,700

Total $1,601,050 $1,339,150

Deduct dividends

On preferred stock $9,100 $9,100

On common stock 21,000 21,000

Total $30,100 $30,100

Retained earnings, December 31 $1,570,950 $1,309,050

Blige Inc.

Comparative Income Statement

For the Years Ended December 31, 2016 and 2015

2016 2015

Sales $1,870,810 $1,721,100

Sales returns and allowances 9,310 6,050

Sales $1,861,500 $1,715,050

Cost of goods sold 657,000 604,440

Gross profit $1,204,500 $1,110,610

Selling expenses $418,660 $506,980

Administrative expenses 356,630 297,750

Total operating expenses 775,290 804,730

Income from operations $429,210 $305,880

Other income 22,590 19,520 $451,800 $325,400

Other expense (interest) 120,000 66,400

Income before income tax $331,800 $259,000

Income tax expense 39,800 31,300

Net income $292,000 $227,700

Blige Inc.

Comparative Balance Sheet December 31, 2016 and 2015 Dec. 31, 2016 Dec. 31, 2015

Assets Current assets Cash $299,520 $313,070

Temporary investments 453,330 518,810

Accounts receivable (net) 321,200 299,300

Inventories 248,200 189,800

Prepaid expenses 56,672 62,610

Total current assets $1,378,922 $1,383,590

Long-term investments 719,883 236,028

Property, plant, and equipment (net) 1,950,000 1,755,000

Total assets $4,048,805 $3,374,618

Liabilities Current liabilities $417,855 $675,568

Long-term liabilities Mortgage note payable, 8%, due 2021 $670,000 $0

Bonds payable, 8%, due 2017 830,000 830,000

Total long-term liabilities $1,500,000 $830,000

Total liabilities $1,917,855 $1,505,568

Stockholders' Equity Preferred $0.7 stock, $20 par $260,000 $260,000

Common stock, $10 par 300,000 300,000

Retained earnings 1,570,950 1,309,050

Total stockholders' equity $2,130,950 $1,869,050

Total liabilities and stockholders' equity $4,048,805 $3,374,618

Required: Determine the following measures for 2016, 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.

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 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 %