The comparative financial statements of Optical Solutions Inc. are as follows. The market price of Optical Solutions Inc. common stock was $60.00 on December 31, 2010.

InstructionsDetermine the following measures for 2010, rounding to one decimal place:1. Working capital2. Current ratio3. Quick ratio4. Accounts receivable turnover5. Number of days' sales in receivables6. Inventory turnover7. Number of days' sales in inventory8. Ratio of fixed assets to long-term liabilities9. Ratio of liabilities to stockholders' equity10. Number of times interest charges earned11. Number of times preferred dividends earned12. Ratio of net sales to assets13. Rate earned on total assets14. Rate earned on stockholders' equity15. Rate earned on common stockholders' equity16. Earnings per share on common stock17. Price-earnings ratio18. Dividends per share of common stock19. Dividend yield

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Optical Solutions Inc. Comparative Retained Eamings Statement For the Years Ended December 31, 2010 and 2009 2010 2009 $ 604,000 428,000 $1,032,000 $306,000 314,000 $620,000 Retained earnings, January 1 Add net income for year Total .... Deduct dividends: On preferred stock On common stock $ 4,000 12,000 $ 16,000 4,000 12,000 $ 16,000 $1,016.000 Total Retained earnings, December 31 $604.000 Optical Solutions Inc. Comparative Income Statement For the Years Ended December 31, 2010 and 2009 2010 2009 Sales $1,608,000 5,920 $1,602,080 480,200 $1,121,880 $ 324,000 234,000 $ 558 000 $ 563,880 24,000 $ 587,880 110,720 $ 477,160 49.160 $ 428,000 $1,481,600 6,000 $1,475,600 Sales returns and allowances Net sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other income 499,200 $ 976,400 $ 352,000 211,200 $563.200 $ 413,200 19,200 $ 432,400 80,000 $ 352,400 38.400 $ 314,000 Other expense (interest) Income before income tax Income tax expense Net income