The comparative financial statements of Dental Innovations Inc. are as follows. The market price of Dental Innovations Inc. common stock was $15 on December 31, 2008.

Instructions
Determine the following measures for 2008, 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. Dividendyield

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Dental Innovations Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2008 and 2007 Dec. 31, 2008 Dec. 31, 200 31,000 244,000 $275,000 Add net income for year . 321,500 Deduct dividends: On preferred stock On common stock ....^.... 10,000 7,000 $5,000 5,000 10,000 $265,000 Retained earnings, December 31 . . ..$569,500 Dental Innovations Inc. Comparative Income Statement For the Years Ended December 31, 2008 and 2007 2008 2007 $966,000 6,000 960,000 312,000 $648,000 $220,000 132,000 352,000 $296,000 12,000 $308,000 40,000 $268,000 24,000 $244,000 Sales returns and allowances 5,000 Net sales .. $1,050,000 300,000 Selling expenses . . . 202,500 146,250 15,000 416,250 64,000 Other expense (interest) . . . . Income tax expense 30,750 Dental Innovations Inc. Comparative Balance Sheet December 31, 2008 and 2007 Dec. 31, 2008 Dec. 31, 2007 Assets Current assets Cash . . Marketable securities Accounts receivable (net) 165,000 335,000 160,000 101,500 205,500 132,000 41,500 14,500 495,000 160,000 610,000 27,000 754,500 310,000 950,000 Prepaid expenses. $2014,500$1,265,000 Liabilities Current liabilities Long-term liabilities: 200,000 Mortgage note payable, 10%, due 2013 $ 240,000 500,000 . 500,000 $500,000 700,000 Total liabilities $965,000 Stockholders' Equity Preferred $2.50 stock, $50 par... Common stock, S10 par . 280,000 569,500 $1,049,500 $%2,014,500 100,000 200,000 265,000 $565,000 Total liabilities and stockholders' equity .