2011 Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 53 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 2012 Retained earnings, January 1 $3,615,100 $3,062,100 Net Income 784,000 627,200 Total $4,399,100 $3,689,300 Dividends: On preferred stock $13,300 $13,300 On common stock 60,900 60,900 Total dividends $74,200 $74,200 Retained earnings, December 31 $4,324,900 $3,615,100 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $4,971,300 $4,580,340 1,651,260 1,519,160 $3,320,040 $3,061,180 $1,412,500 Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue $1,188,050 1,012,040 829,560 $2,200,090 $2,242,060 $819,120 52,280 $1,119,950 58,950 $1,178,900 288,000 $871,400 158,400 Other expense (interest) Income before income tax Income tax expense $890,900 $713,000 106,900 85,800 Net income $784,000 $627,200 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 20Y1 20Y2 20Y1 Assets Current assets $824,380 $754,060 1,247,700 1,249,590 854,100 803,000 Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) 642,400 496,400 155,964 150,810 $3,724,544 $3,453,860 2,314,276 758,177 4,680,000 4,212,000 Total assets $10,718,820 $8,424,037 LIE Liabilities Current liabilities $1,163,920 $1,198,937 $1,620,000 $0 1,980,000 1,980,000 $3,600,000 $1,980,000 $4,763,920 $3,178,937 Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.70 stock, $40 par Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $760,000 $760,000 870,000 870,000 4,324,900 3,615,100 $5,954,900 $5,245, 100 $10,718,820 $8,424,037 Required: 2.5 4.5 81.2 Determine the following measures for 2012, 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 2,560,624 2. Current ratio 3.2 3. Quick ratio 4. Accounts recevable 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 6.5 % % 14. Return on common stockholders' equity 15. Earnings per share on common stock % 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 ITUTO %