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Please help with #12-19
Print Item The market price of Blige Inc. common stock was $62 on December 31, 2016. Blige Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 Retained earnings, January 1 Add net income for year Total $2,434,000 562,400 $2,996,400 $2,062,100 422,300 $2,484,400 On preferred stock $9,100 41,300 $50,400 $2,946,000 $9,100 41,300 $2,434,000 Blige Inc. For the Years Ended December 31, 2016 and 2015 2016 2015 $3,033,900 $3,297,760 16,410 $3,281,350 Sales returns and a 10,670 Sales Ceck May Work
Print Item Blige Inc. Comparative Income Statement For the Years Ended December 31, 2016 and 2015 2016 2015 $3,297,760 16,410 $3,281,350 1,199,390 $2,081,960 $693,800 $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 Cost of goods sold Total operating expenses Income from operations Other income 1,284,820 $797,140 41,960 $839,100 200,000 $639,100 76,700 $562,400 Income tax expense Blige Inc. Comparative Balance Sheet
Print Item Blige Inc. December 31, 2016 and 2015 Current assets Cash $476,150 720,650 584,000 438,000 90,080 $2,308,880 1,741,920 3,250,000 $632,350 1,047,900 547,500 335,800 126,470 $2,690,020 945,998 2,925,000 $6,561,018 Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Total assets --,so,800 Liabilities $744,800 $1,637,018 Mortgage note payable, 8%, due 2021 Bonds payable, 8%, due 2017 $1,120,000 1,380,000 $2,500,000 $3,244,800 1,380,000 $1,380,000 $3,017,018 Total long-term liabilities Total liabilities Stockholders Equity Preferred $0.7 stock, $40 par $520,000 $520,000
from Prepaid expenses Long-term Investments 1,741,920 Bonds payable, 8%, due 2017 Total long-term liabilities Total liabilities Stockholders Equity 520,000 Common stock, $10 par 2,434,000 Retained earnings Total stockholders equity $6,561,018 Determine the following measures for 2016, rounding to one decimal place, excepe for doilar amounts, which should be rounded to the nearest cent. Use the rounded
Print Item ALGO t, if 2. Current ratio 3. Quick ratio 4. Accounts recelvable turnover 3.1 24 of days sales in 3.1V 6. Inventory tumover 7. Number of days sales in inventory 1.3 9. Ratio of liabilities to stockholders equity 4.2 61.8 11. Number of times preferred dividends are earned 12. Ratio of 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 18. Dividends per share of common stock 19. Dividend yield
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