The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall...

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Accounting

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 54 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 $ 3,635,500 $ 3,079,700
Net income 784,000 630,800
Total $4,419,500 $ 3,710,500
Dividends:
On preferred stock $ 10,500 $ 10,500
On common stock 64,500 64,500
Total dividends $ 75,000 $ 75,000
Retained earnings, December 31 $ 4,344,500 $ 3,635,500

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $ 4,888,445 $ 4,504,010
Cost of goods sold 1,708,200 1,571,540
Gross profit $ 3,180,245 $ 2,932,470
Selling expenses $ 1,112,560 $ 1,329,040
Administrative expenses 947,735 780,550
Total operating expenses 2,060,295 2,109,590
Income from operations $ 1,119,950 $ 822,880
Other revenue 58,950 52,520
$ 1,178,900 $ 875,400
Other expense (interest) 288,000 158,400
Income before income tax $ 890,900 $ 717,000
Income tax expense 106,900 86,200
Net income $ 784,000 $ 630,800

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
Dec. 31, 20Y2 Dec. 31, 20Y1
Assets
Current assets
Cash $ 694,840 $ 705,970
Marketable securities 1,051,650 1,169,900
Accounts receivable (net) 854,100 803,000
Inventories 642,400 496,400
Prepaid expenses 131,450 141,190
Total current assets $ 3,374,440 $ 3,316,460
Long-term investments 2,663,660 560,458
Property, plant, and equipment (net) 4,680,000 4,212,000
Total assets $ 10,718,100 $ 8,088,918
Liabilities
Current liabilities $ 1,163,600 $ 863,418
Long-term liabilities
Mortgage note payable, 8 % $ 1,620,000 $ 0
Bonds payable, 8 % 1,980,000 1,980,000
Total long-term liabilities $ 3,600,000 $ 1,980,000
Total liabilities $ 4,763,600 $ 2,843,418
Stockholders' Equity
Preferred $ 0.70 stock, $ 50 par $ 750,000 $ 750,000
Common stock, $ 10 par 860,000 860,000
Retained earnings 4,344,500 3,635,500
Total stockholders' equity $ 5,954,500 $ 5,245,500
Total liabilities and stockholders' equity $ 10,718,100 $ 8,088,918

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
3. Quick ratio
4. Accounts receivable turnover
5. Number of days' sales in receivables days
6. Inventory turnover
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 %

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