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Measures of liquidity, Solvency, and Proty The comparative financial statements of Marshall Inc are as foliows. The market price of Marshall common stock was $82.60 on December 31, 202, Marshall the Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Retained earnings, January 1 $3,704,000 53,264,000 Net Income 000,000 550,000 Dividends: On preferred stock (10,000) (10,000) On common stoc (100,000) (100,000) Retained carings, December 31 $4,194,000 55,709,000 Marshall Inc Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 2013 Sales 510,850,000 $10,000,000 Cost of merchandise sold 6,000,000 5,450,000 Gross proto 34,550,000 54,550.000 Gross pront Selting expenses Administrative expenses 54,850,000 52,170,000 1,627,500 53,797,500 51,052,500 $4,550,000 $2,000,000 1,500,000 $3,500,000 51,050,000 Total operating expenses Income from operations Other revenge and expenses Other revenue Other expense interest) Income before income tax expense 99,500 (132,000) $1,020,000 420,000 5600,000 20,000 (120,000) $950,000 400,000 $550,000 Income tax expense Net Income Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2041 2012 2011 Assets Current Cash 5.950,000 $1,050,000 301 000 420.000 Marketableres 301,000 585,000 Accounts receivable (net) Inventore Prepaid expens Total current acts Long-term investments Property, plant, and equipment (nut) 120,000 108,000 52,464,000 800,000 5,700,000 59,024,000 420,000 500,000 380,000 20,000 12,270,000 300,000 5,189,000 $5,234,000 Liabilities Current $599,000 $800,000 Long-term at: 50 Mortgage note payal 65 Bordspyte Total long-term buities $200,000 3,000,000 53,200,000 54,080,000 $3,000,000 53,000,000 $3,800,000 Stockholders' Equity Protestocks par Comot, 55 $250,000 $250,000 500,000 4,194,000 500,000 3,704,000 Runo com eBook Total stockholders' equity 54,944,000 $1,154,000 Total liabilities and stockholders' equity $9,024,000 $8,254,000 Required: Determine the roilowing measures for 2012, rounding to one decimal place, except dollar amounts which should be rounded to the nearest cont. 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 to cond 4. Accounts receivable tumover 5. Number of days in receivables 6. Triventory turnover days 7. Number of days sales in inventory 8. Ratio of cassets to long-term liabilities 9. Ratio of best stockholders equity 10. Times insteamed 11. Asser turnover 12. Return on tots assets 13. Return on stocolders equity 1. Working cap 2. current ratio 3. QUO day They umow DORO 7. Niniventory day 3. tolong termes 9. Doculty 10. Testamed 12. 13. Equity 14. turn on quity TLCULA 15. Eaton 16. 17. Des of common stock 18. Dua Measures of liquidity, Solvency, and Proty The comparative financial statements of Marshall Inc are as foliows. The market price of Marshall common stock was $82.60 on December 31, 202, Marshall the Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Retained earnings, January 1 $3,704,000 53,264,000 Net Income 000,000 550,000 Dividends: On preferred stock (10,000) (10,000) On common stoc (100,000) (100,000) Retained carings, December 31 $4,194,000 55,709,000 Marshall Inc Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 2013 Sales 510,850,000 $10,000,000 Cost of merchandise sold 6,000,000 5,450,000 Gross proto 34,550,000 54,550.000 Gross pront Selting expenses Administrative expenses 54,850,000 52,170,000 1,627,500 53,797,500 51,052,500 $4,550,000 $2,000,000 1,500,000 $3,500,000 51,050,000 Total operating expenses Income from operations Other revenge and expenses Other revenue Other expense interest) Income before income tax expense 99,500 (132,000) $1,020,000 420,000 5600,000 20,000 (120,000) $950,000 400,000 $550,000 Income tax expense Net Income Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2041 2012 2011 Assets Current Cash 5.950,000 $1,050,000 301 000 420.000 Marketableres 301,000 585,000 Accounts receivable (net) Inventore Prepaid expens Total current acts Long-term investments Property, plant, and equipment (nut) 120,000 108,000 52,464,000 800,000 5,700,000 59,024,000 420,000 500,000 380,000 20,000 12,270,000 300,000 5,189,000 $5,234,000 Liabilities Current $599,000 $800,000 Long-term at: 50 Mortgage note payal 65 Bordspyte Total long-term buities $200,000 3,000,000 53,200,000 54,080,000 $3,000,000 53,000,000 $3,800,000 Stockholders' Equity Protestocks par Comot, 55 $250,000 $250,000 500,000 4,194,000 500,000 3,704,000 Runo com eBook Total stockholders' equity 54,944,000 $1,154,000 Total liabilities and stockholders' equity $9,024,000 $8,254,000 Required: Determine the roilowing measures for 2012, rounding to one decimal place, except dollar amounts which should be rounded to the nearest cont. 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 to cond 4. Accounts receivable tumover 5. Number of days in receivables 6. Triventory turnover days 7. Number of days sales in inventory 8. Ratio of cassets to long-term liabilities 9. Ratio of best stockholders equity 10. Times insteamed 11. Asser turnover 12. Return on tots assets 13. Return on stocolders equity 1. Working cap 2. current ratio 3. QUO day They umow DORO 7. Niniventory day 3. tolong termes 9. Doculty 10. Testamed 12. 13. Equity 14. turn on quity TLCULA 15. Eaton 16. 17. Des of common stock 18. Dua