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 $60 on December 31, 2012.
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Instructions:
Determine the following measures for 2012, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Assume 365 days a year.
1.Working capital:$
2.Current ratio:
3.Quick ratio:
4.Accounts receivable turnover:
5.Number of days’ sales in receivables:
6.Inventory turnover:
7.Number of days’ sales in inventory:
8.Ratio of fixed assets to long-term liabilities:
9.Ratio of liabilities to stockholders’ equity:
10.Number of times interest charges earned:
11.Number of times preferred dividends 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:%