Question

BligeInc.
ComparativeRetained Earnings Statement
For the YearsEnded December 31, 2014 and 2013
			2014		2013
Retained earnings,January 1			$3,364,500		$2,857,100
Add net income foryear			748,800		585,200
Total			$4,113,300		$3,442,300
Deduct dividends
	On preferred stock		$9,800		$9,800
	On common stock		68,000		68,000
		Total	$77,800		$77,800
Retained earnings,December 31			$4,035,500		$3,364,500

BligeInc.
ComparativeIncome Statement
For the YearsEnded December 31, 2014 and 2013
	2014		2013
Sales	$5,504,580		$5,064,200
Sales returns and allowances	27,390		17,800
Net sales	$5,477,190		$5,046,400
Cost of goods sold	1,985,600		1,826,750
Gross profit	$3,491,590		$3,219,650
Selling expenses	$1,260,170		$1,514,700
Administrative expenses	1,073,470		889,590
Total operating expenses	2,333,640		2,404,290
Income from operations	$1,157,950		$815,360
Other income	60,950		52,040
	$1,218,900		$867,400
Other expense (interest)	368,000		202,400
Income before income tax	$850,900		$665,000
Income tax expense	102,100		79,800
Net income	$748,800		$585,200

BligeInc.
ComparativeBalance Sheet
December 31,2014 and 2013
			Dec. 31, 2014		Dec. 31, 2013
Assets
Current assets
	Cash		$1,160,710		$752,590
	Temporaryinvestments		1,756,750		1,247,160
	Accounts receivable(net)		927,100		868,700
	Inventories		700,800		540,200
	Prepaid expenses		219,600		150,520
		Total current assets	$4,764,960		$3,559,170
Long-terminvestments			419,590		-674,265
Property, plant, andequipment (net)			6,440,000		5,796,000
Total assets			$11,624,550		$8,680,905
Liabilities
Currentliabilities			$1,489,050		$1,286,405
Long-termliabilities
	Mortgage note payable,8%, due 2019		$2,070,000		$0
	Bonds payable, 8%, due2015		2,530,000		2,530,000
		Total long-term liabilities	$4,600,000		$2,530,000
Total liabilities			$6,089,050		$3,816,405
Stockholders'Equity
Preferred $0.70 stock,$50 par			$700,000		$700,000
Common stock, $10par			800,000		800,000
Retained earnings			4,035,500		3,364,500
	Total stockholders'equity		$5,535,500		$4,864,500
Total liabilities andstockholders' equity			$11,624,550		$8,680,905

Required:

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

1. Workingcapital	$
2. Currentratio
3. Quickratio
4. Accountsreceivable turnover
5. Number of days'sales in receivables		days
6. Inventoryturnover
7. Number of days'sales in inventory		days
8. Ratio of fixedassets to long-term liabilities
9. Ratio ofliabilities to stockholders' equity
10. Number oftimes interest charges are earned
11. Number oftimes preferred dividends are earned
12. Ratio of netsales to assets
13. Rate earned ontotal assets		%
14. Rate earned onstockholders' equity		%
15. Rate earned oncommon stockholders' equity		%
16. Earnings pershare on common stock	$
17. Price-earningsratio
18. Dividends pershare of common stock	$
19. Dividendyield		%