eBook Calculator Nineteen Measures of Solvency and Profitability The comparative
ID: 2541218 • Letter: E
Question
eBook Calculator Nineteen Measures of Solvency and Profitability The comparative financial statements of Blige Inc. are as follows. he market price of Blige Inc. common stock was $55 on December 31, 2016 Blige Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2015 $749,050 153,400 $902,450 2016 Retained earnings, January 1 Add net income for year Total Deduct dividends $879,350 204,400 $1,083,750 $7,000 16,100 23,100 $1,060,650 $7,000 16,100 $23,100 $879,350 On preferred stock On common stock Total Retained earnings, December 31 Blige Inc Comparative Income Statement For the Years Ended December 31, 2016 and 2015 016 2015 My Work PrExplanation / Answer
Working:
1 Working Capital 785646 2 Current Ratio 3.30 times 3 Quick Ratio 2.79 times 4 Accounts Receivable Turnover 5.30 times 5 Number of days' sales in receivables 68.87 Days 6 Inventory Turnover 2.90 times 7 Number of days' sales inventory 125.86 Days 8 Fixed Assets to Long-term Liabilities 1.30 times 9 Liabilities to stockholders' equity 0.90 times 10 Number times interest charges are earned 3.90 times 11 Number of times preference dividends are earned 29.20 times 12 Ratio of sales to assets 0.41 times 13 Rate earned to total assets 7% 14 Rate earned on stockholders' equity 14% 15 Rate earned on commonstock holders' equity 15% 16 Earnings per share on common stock $8.58 17 Proce earnings ratio 6.41 18 Dividends per share of common stock $0.70 19 Dividend Yield 1.27%Related Questions
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