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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 $ 60 on December 31, 20Y2.

Marshall Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 20Y2 and 20Y1
			20Y2		20Y1
Retained earnings, January 1			$1,022,050		$862,950
Net income			233,600		176,800
Dividends:
	On preferred stock		(7,700)		(7,700)
	On common stock		(10,000)		(10,000)
Retained earnings, December 31			$1,237,950		$1,022,050

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$1,525,700		$1,405,740
Cost of merchandise sold	591,300		544,000
Gross profit	$934,400		$861,740
Selling expenses	$310,920		$387,390
Administrative expenses	264,860		227,510
Total operating expenses	$575,780		$614,900
Income from operations	$358,620		$246,840
Other revenue and expense:
Other revenue	18,880		15,760
Other expense (interest)	(112,000)		(61,600)
Income before income tax expense	$265,500		$201,000
Income tax expense	31,900		24,200
Net income	$233,600		$176,800

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			20Y2		20Y1
Assets
Current assets:
	Cash		$415,890		$215,050
	Marketable securities		629,460		356,380
	Accounts receivable (net)		284,700		270,100
	Inventories		219,000		175,200
	Prepaid expenses		78,683		43,010
		Total current assets	$1,627,733		$1,059,740
Long-term investments			278,962		12,994
Property, plant, and equipment (net)			1,680,000		1,512,000
Total assets			$3,586,695		$2,584,734
Liabilities
Current liabilities			$478,745		$322,684
Long-term liabilities:
	Mortgage note payable, 8%		$630,000		$0
	Bonds payable, 8%		770,000		770,000
		Total long-term liabilities	$1,400,000		$770,000
Total liabilities			$1,878,745		$1,092,684
Stockholders' Equity
Preferred $0.70 stock, $20 par			$220,000		$220,000
Common stock, $10 par			250,000		250,000
Retained earnings			1,237,950		1,022,050
Total stockholders' equity			$1,707,950		$1,492,050
Total liabilities and stockholders' equity			$3,586,695		$2,584,734

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	$fill in the blank 1
2. Current ratio	fill in the blank 2
3. Quick ratio	fill in the blank 3
4. Accounts receivable turnover	fill in the blank 4
5. Number of days' sales in receivables	fill in the blank 5	days
6. Inventory turnover	fill in the blank 6
7. Number of days' sales in inventory	fill in the blank 7	days
8. Ratio of fixed assets to long-term liabilities	fill in the blank 8
9. Ratio of liabilities to stockholders' equity	fill in the blank 9
10. Times interest earned	fill in the blank 10
11. Asset turnover	fill in the blank 11
12. Return on total assets	fill in the blank 12	%
13. Return on stockholders equity	fill in the blank 13	%
14. Return on common stockholders equity	fill in the blank 14	%
15. Earnings per share on common stock	$fill in the blank 15
16. Price-earnings ratio	fill in the blank 16
17. Dividends per share of common stock	$fill in the blank 17
18. Dividend yield	fill in the blank 18	%

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