Stargel Inc. common stock was $119.70 on December 31, 2014. Retained earnings, January 1. Add net income for year Total Deduct dividends: On preferred stock On common stock. Total. Retained earnings, December 31 Sales (all on account). Sales returns and allowances Net sales... 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. Current assets: Cash. Marketable securities Accounts receivable (net). Inventories. Prepaid expenses. Total current assets.. Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2014 and 2013 Stargel Inc. Comparative Income Statement For the Years Ended December 31, 2014 and 2013 Long-term investments. Property, plant, and equipment (net) Total assets Preferred $0.90 stock, $10 par Common stock, $5 par. Assets 1. Working capital 2. Current ratio Stargel Inc. Comparative Balance Sheet December 31, 2014 and 2013 Current liabilities.. Long-term liabilities: Mortgage note payable, 8%, due 2019.. Bonds payable, 10%, due 2015. Total long-term liabilities Total liabilities. Liabilities Stockholders' Equity Retained earnings. Total stockholders' equity.. Total liabilities and stockholders' equity. 3. Quick ratio 4. Accounts receivable turnover WS. The market price of 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 2014 $5,375,000 900,000 $6,275,000 $ 45,000 50,000 $ 95,000 $6,180,000 2014 $10,050,000 50,000 $10,000,000 5,350,000 $ 4,650,000 $ 2,000,000 1,500,000 $ 3,500,000 $ 1,150,000 150,000 $ 1,300,000 170,000 $ 1,130,000 230,000 $ 900,000 Dec. 31, 2014 $ 500,000 1,010,000 740,000 1,190,000 250,000 $3,690,000 2,350,000 3,740,000 $9,780,000 $ 900,000 $ 200,000 1,500,000 $1,700,000 $2,600,000 $ 500,000 500,000 6,180,000 $7,180,000 $9,780,000 2013 $4,545,000 925,000 $5,470,000 $ 45,000 50,000 $ 95,000 $5,375,000 2013 $9,450,000 50,000 $9,400,000 4,950,000 $4,450,000 $1,880,000 1,410,000 $3,290,000 $1,160,000 140,000 $1,300,000 150,000 $1,150,000 225,000 $ 925,000 Dec. 31, 2013 $ 400,000 1,000,000 510,000 950,000 229,000 $3,089,000 2,300,000 3,366,000 $8,755,000 $ $ 880,000 0 Instructions Determine the following measures for 2014, rounding to one decimal place, except per- share amounts which should be rounded to the nearest penny: 1,500,000 $1,500,000 $2,380,000 €500,000 500,000 5,375,000 $6,375,000 $8,755,000