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Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 61 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $3,494,650 $2,948,450 788,400 603,900 Dividends: On preferred stock (12,600) (12,600) On common stock (45,100) (45,100) Retained earnings, December 31 $4,225,350 $3,494,650 Net income Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 2012 2011 $4,074,530 Sales Cost of merchandise sold $4,422,340 1,810,400 1,665,570 Gross profit $2,611,940 $2,408,960 $790,800 $1,009,540 592,900 673,640 $1,464,440 $1,602,440 $1,147,500 $806,520 Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue and expense: Other revenue Other expense interest) Income before income tax expense Income tax expense 60,400 (312,000) $895,900 107,500 51,480 (172,000) $686,000 82,100 Net income $788,400 $603,900 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2041 2012 20Y1 Assets $831,550 1,378,010 Current assets: Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) $1,006,430 1,523,250 876,000 657,000 824,900 511,000 166,310 190,410 $4,253,090 $3,711,770 2,411,075 1,480,338 3,861,000 4,290,000 $10,954,165 Total assets $9,053,108 Liabilities $1,288,815 $1,868,458 $1,750,000 $0 Current liabilities Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities 2,150,000 2,150,000 $3,900,000 $2,150,000 $5,188,815 $4,018,458 Stockholders' Equity Preferred $0.70 stock, $40 par $720,000 $720,000 Common stock, $10 par 820,000 820,000 Retained earnings 4,225,350 3,494,650 Total stockholders' equity $5,765,350 $5,034,650 Total liabilities and stockholders' equity $10,954,165 $9,053,108 Required: Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year. 1. Working capital 2. Current ratio mu 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover days 7. Number of days' sales in inventory days 8. Ratio of fixed assets to long-term liabilities 9. % % Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders' equity 14. Return on common stockholders' equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield % IIIIIII %

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