The comparative financial statements of Ryan Express, Inc are as follows. The market price of Ryan Express stock was $110.10 on December 31, 2020.

Ryan Express, Inc.
Comparative Statement of Retained Earnings
For Years Ended December 31, 2020 and 2019

	2020	2019
Retained Earnings, January 1	$5,365,000	$4,538,000
Add net income for the year	899,000	907,000
Total	6,264,000	5,445,000
Deduct Dividends
On preferred stock	43,000	35,000
On common stock	46,000	50,000
Total	89,000	85,000
Retained Earnings, December 31	$6,175,000	$5,360,000

 

Ryan Express, Inc.
Comparative Income Statement
For Years Ended December 31, 2020 and 2019

	2020	2019
Sales (all on account)	$10,043,000	$9,456,000
Sales Returns & Allowances	51,000	59,000
Net Sales	9,992,000	9,397,000
Cost of Goods Sold	5,356,000	4,952,000
Gross Profit	9,992,000	4,445,000
Selling Expense	2,003,000	1,875,000
Administrative Expense	1,509,000	1,415,000
Total Operating Expenses	3,512,000	3,290,000
Income from operations	1,148,000	1,155,000
Other Income	158,000	145,000
Total Operating Income	1,306,000	1,300,000
Other expenses (interest)	170,000	160,000
Income before taxes	1,136,000	1,140,000
Income tax expense	237,000	233,000
Net Income	$899,000	$907,000

 

Ryan Express,Inc.
Balance Sheet
December 31, 2020

Description	Amount
Subcategory,Assets
Cash	510,000
Marketable securities	1,013,000
Accounts Receivable (net)	753,000
Merchandise Inventory	1,204,000
Prepaid Expense	254,000Single line
Total Current Assets	Single line3,734,000
Long-term investments	2,348,000
Property, Plant & Equip.	3,742,000Single line
TOTAL ASSETS	Single line9,824,000Double line
Subcategory,Liabilities
Total Current Liab.	910,000
Subcategory,Long-term Liabilities:
Mortgage note payable due 2020	203,000
Bonds Payable, 10% due 2019	1,513,000Single line
Total Long-term Liab.	Single line1,716,000Single line
Total Liabilities	Single line2,626,000
Subcategory,Stockholders' Equity
Preferred $0.90 stock, $10 par	514,000
Common Stock, $5 par	504,000
Retained Earnings	6,175,000Single line
Total Stockholders Equity	Single line7,193,000Single line
TOTAL LIAB + EQUITY	Single line9,819,000Double line

 

Ryan Express,Inc.
Balance Sheet
December 31, 2019

Description	Amount
Subcategory,Assets
Cash	390,000
Marketable securities	993,000
Accounts Receivable (net)	510,000
Merchandise Inventory	949,000
Prepaid Expense	221,000Single line
Total Current Assets	Single line3,063,000
Long-term investments	2,313,000
Property, Plant & Equip.	3,361,000Single line
TOTAL ASSETS	Single line8,737,000Double line
Subcategory,Liabilities
Total Current Liab.	870,000
Subcategory,Long-term Liabilities:
Mortgage note payable due 2020	0
Bonds Payable, 10% due 2019	1,493,000Single line
Total Long-term Liab.	Single line1,493,000Single line
Total Liabilities	Single line2,363,000
Subcategory,Stockholders' Equity
Preferred $0.90 stock, $10 par	500,000
Common Stock, $5 par	499,000
Retained Earnings	5,360,000Single line
Total Stockholders Equity	Single line6,359,000Single line
TOTAL LIAB + EQUITY	Single line8,722,000Double line

 

Using the information from Ryan Express, Inc. financial statements, compute the following for 2020:

1. Working Capital = `$` 
2. Current Ratio =
3. Quick Ratio =
4. Accounts Receivable turnover =
5. Number of day's sales in receivables =
6. Inventory turnover =
7. Number of days' sales in inventory =
8. Rate earned on common stockholder's equity = `%` 
9. Earnings per share on common stock = `$` 
10. Price-earnings ratio =