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.
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: | % |