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1) The comparative financial statements of Marshall Inc, are as follows. The market price of Marshall Inc. common stock was $68 on December 31,20Y2. Marshall
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The comparative financial statements of Marshall Inc, are as follows. The market price of Marshall Inc. common stock was $68 on December 31,20Y2. Marshall Inc. Marshall Inc. Comparative Income Statement For the Years Ended December 31,20Y2 and 20Y1 Current assets Current liabilities Long-term liabilities Mortgage note payable, 8% $690,665$1,085,176 Bonds payable, 8% $990,000$0 Total long-term liabilities Total liabilities Preferred $0.70 stock, $40 par $400,000$400,000 Common stock, \$10 par 460,000460,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $3,211,8502,351,850 $1,210,0001,210,000 Determine the foliowing 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 reduirement for subseduent reauirement. if reaulred. Assume 365 davs a year Step by Step Solution
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