1. Business
  2. Accounting
  3. please help me the equations for the questions are in...

Question: please help me the equations for the questions are in...

Question details
Please help me, the equations for the questions are in the last picture.
Print tem The comparative financial statements of Blige Inc. are as follows. The market price of Blge Inc. common stock was $62 on December 31, 2016 Blige Inc. Comparative Retained Earnings Statement 2016 2015 Retained earnings, January 1 Add net income for year Total Deduct dividends $2,434,000 $2,062,100 562,400 422,300 $2,996,400 $2,484,400 On preferred stock On common stock $9,100 41,300 50,400 $2,946,000 $9,100 41,300 $50,400 $2.434,000 Total Retained earnings, December 31 Blige Inc. Comparative Income Statement For the Years Ended December 31, 2016 and 2015 2016 2015 $3,297,760 16,410 $3,281,350 $3,033,900 10,670 $3,023,230
and eBook Calculator Print Item Comparative Income Statement For the Years Ended December 31, 2016 and 2015 2016 2015 Sales $3,297,760 16,410 $3,281,350 1,199,390 $2,081,960 $693,800 591,020 1,284,820 $797,140 41,960 $839,100 200,000 $639,100 76,700 $562,400 $3,033,900 10,670 $3,023,230 1,103,440 $1,919,790 $859,830 504,980 1,364,810 $554,980 35,420 $590,400 110,400 $480,000 57,700 $422,300 Sales returns and allowances Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other income Other expense (interest) Income before income tax Income tax expense Net income Blige Inc.
Bllge Inc. Comparative Balance Sheet December 31, 2016 and 2015 Dec. 31, 2016 Dec. 31, 2015 Cash Temporary investments Accounts receivable (net) $632,350 1,047,900 547,500 335,800 126,470 $2,690,020 945,998 2,925,000 $7,300,800$6,561,018 $476,150 720,650 584,000 438,000 90,080 $2,308,880 1,741,920 3,250,000 Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities Current liabilities $744,800 $1,637,018 Long-term liabilities $1,120,000 1,380,000 $2,500,000 $3,244,800 Mortgage note payable, 8%, due 2021 so 1,380,000 $1,380,000 $3,017,018 Bonds payable, 8%, due 2017 Total long-term liabilities Total liabilities Stockholders Equity Preferred $0.7 stock, $40 par $520,000 $520,000
438,000 90,080 $2,308,880 1,741,920 3,250,000 $7,300,800 335,800 126,470 $2,690,020 945,998 2,925,000 $6,561,018 Total current assets Property, plant, and equipment (net) Total assets Liabilities Current liabilities $744,800 $1,637,018 Mortgage note payable, 8%, due 2021 $1,120,000 1,380,000 $2,500,000 $3,244,800 $o 1,380,000 $1,380,000 $3,017,018 Bonds payable, 8%, due 2017 Total long-term liabilities Total liabilities Stockholders Equity $520,000 590,000 2,946,000 $4,056,000 $7,300,800 $520,000 590,000 2,434,000 $3,544,000 $6,561,018 Preferred $0.7 stock, $40 par Retained earnings 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
Determine the following measures for 2016, 4. Accounts receivable turnover 6. Inventory turnover 19. D
and from Print Item Accounts receivable (Beginning Net Accounts Receivable+Ending Net Accounts Roceivable) 2 Average daily stock .
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution