1. Working capital $ 2,893,370 2. Current ratio 3.1 3. Quick ratio 2.48 4. Accounts receivable turnover 5.4 5. Number of days' sales in receivables 67.6 days 6. Inventory turnover 2.8 7. Number of days' sales in inventory 130.4 days 8. Ratio of fixed assets to long-term liabilities 1.1 9. Ratio of liabilities to stockholders' equity 1.1 10. Times interest earned 9.3 11. Asset turnover 0.8 12. Return on total assets 14.8 X % 13. Return on stockholders' equity 27.3 X % 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 % Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 63 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $3,196,550 $2,688,950 Net income 730,000 550,700 Dividends: On preferred stock (11,900) (31,200) (11,900) (31,200) On common stock Retained earnings, December 31 $3,883,450 $3,196,550 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $4,710,690 $4,340,190 Cost of merchandise sold 1,655,640 1,523,190 Gross profit $3,055,050 $2,817,000 Selling expenses $1,039,520 $1,286,500 Administrative expenses 885,510 755,560 $1,925,030 $2,042,060 Total operating expenses Income from operations $1,130,020 $774,940 Other revenue and expense: Other revenue 59,480 49,460 Other expense (interest) (360,000) (198,400) Income before income tax expense $829,500 $626,000 Income tax expense 99,500 75,300 Net income $730,000 $550,700 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets: Cash $999,620 $682,930 Marketable securities 1,512,930 1,131,700 Accounts receivable (net) 897,900 846,800 Inventories 671,600 511,000 Prepaid expenses 189,115 136,590 Total current assets $3,309,020 $4,271,165 2,000,080 Long-term investments 306,770 Property, plant, and equipment (net) 4,950,000 4,455,000 Total assets $11,221,245 $8,070,790 Liabilities Current liabilities $1,377,795 $934,240 Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% $2,020,000 $0 2,480,000 2,480,000 Total long-term liabilities $4,500,000 $2,480,000 lal long-tertti labilities $4,500,000 $2,40 Total liabilities $5,877,795 $3,414,240 Stockholders' Equity Preferred $0.70 stock, $40 par $680,000 $680,000 Common stock, $10 par 780,000 780,000 Retained earnings 3,883,450 3,196,550 Total stockholders' equity $5,343,450 $4,656,550 Total liabilities and stockholders' equity $11,221,245 $8,070,790 Required