Marshall Inc.

Comparative Retained Earnings Statement

For the Years Ended December 31, 20Y2 and 20Y1

1		20Y2	20Y1
2	Retained earnings, January 1	$3,712,000.00	$3,262,000.00
3	Net income	609,000.00	560,000.00
4	Total	$4,321,000.00	$3,822,000.00
5	Dividends:
6	On preferred stock	$10,000.00	$10,000.00
7	On common stock	100,000.00	100,000.00
8	Total dividends	$110,000.00	$110,000.00
9	Retained earnings, December 31	$4,211,000.00	$3,712,000.00

Marshall Inc.

Comparative Income Statement

For the Years Ended December 31, 20Y2 and 20Y1

1		20Y2	20Y1
2	Sales	$10,840,000.00	$10,000,000.00
3	Cost of goods sold	6,000,000.00	5,440,000.00
4	Gross profit	$4,840,000.00	$4,560,000.00
5	Selling expenses	$2,160,000.00	$2,000,000.00
6	Administrative expenses	1,627,500.00	1,500,000.00
7	Total operating expenses	$3,787,500.00	$3,500,000.00
8	Income from operations	$1,052,500.00	$1,060,000.00
9	Other income	99,500.00	20,000.00
10		$1,152,000.00	$1,080,000.00
11	Other expense (interest)	133,000.00	120,000.00
12	Income before income tax	$1,019,000.00	$960,000.00
13	Income tax expense	410,000.00	400,000.00
14	Net income	$609,000.00	$560,000.00

Marshall Inc.

Comparative Balance Sheet

December 31, 20Y2 and 20Y1

1		20Y2	20Y1
2	Assets
3	Current assets:
4	Cash	$1,050,000.00	$950,000.00
5	Marketable securities	301,000.00	420,000.00
6	Accounts receivable (net)	584,000.00	500,000.00
7	Inventories	410,000.00	380,000.00
8	Prepaid expenses	107,000.00	20,000.00
9	Total current assets	$2,452,000.00	$2,270,000.00
10	Long-term investments	800,000.00	800,000.00
11	Property, plant, and equipment (net)	5,770,000.00	5,184,000.00
12	Total assets	$9,022,000.00	$8,254,000.00
13	Liabilities
14	Current liabilities	$861,000.00	$792,000.00
15	Long-term liabilities:
16	Mortgage note payable, 6%,	$200,000.00	$0.00
17	Bonds payable, 4%,	3,000,000.00	3,000,000.00
18	Total long-term liabilities	$3,200,000.00	$3,000,000.00
19	Total liabilities	$4,061,000.00	$3,792,000.00
20	Stockholders’ Equity
21	Preferred 4% stock, $5 par	$250,000.00	$250,000.00
22	Common stock, $5 par	500,000.00	500,000.00
23	Retained earnings	4,211,000.00	3,712,000.00
24	Total stockholders’ equity	$4,961,000.00	$4,462,000.00
25	Total liabilities and stockholders’ equity	$9,022,000.00	$8,254,000.00

Determine the following measures for 20Y2 (round to one decimalplace, including percentages, except for per-share amounts): Assumea 365-day year.

1.	Working capital
2.	Current ratio
3.	Quick ratio
4.	Accounts receivable turnover
5.	Number of days’ sales inreceivables
6.	Inventory turnover
7.	Number of days’ sales ininventory
8.	Ratio of fixed assets to long-termliabilities
9.	Ratio of liabilities tostockholders’ equity