(Nineteen measures of solvency and profitability) The comparative financial statements of Caylay Technologies Inc. are as follows

ACCOUNTING

(Nineteen measures of solvency and profitability) The comparative financial statements of Caylay Technologies Inc. are as follows. The market price of Caylay Technologies Inc. common stock was $40 on December 31, 2010.

Caylay Technologies Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 2010 and 2009

2010 2009
Retained earnings, January $1,453,600 $ 1,218,100
Add net income for year 482,850 307,500
Total $1,936,450 $1,525,600
Deduct dividends:
On preferred stock $ 24,000 $ 24,000
On common stock 48,000 48,000
Total $ 72,000 $ 72,000
Retained earnings, December 31 $1,864,450 $1,453,600
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AND SO ON

Instructions:
Determine the following measures for 2010, rounding to one decimal place:

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

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