20Y1 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 20Y1 20Y2 Assets Current assets: Cash $403,530 Marketable securities 610,750 Accounts receivable 423,400 (net) Inventories 321,200 Prepaid expenses 76,351 Total current $1,835,231 assets Long-term investments 1,335,679 Property, plant, and equipment (net) 2,090,000 Total assets $5,260,910 Liabilities Current liabilities $592,010 Long-term liabilities: Mortgage note payable, $850,000 Bonds payable, 8% 1,050,000 Total long- term liabilities $1,900,000 $377,520 625,620 401,500 248,200 75,500 $1,728,340 606,114 1,881,000 $4,215,454 $734,354 8% $0 1,050,000 $1,050,000 $2,492,010 $1,784,354 Total liabilities Stockholders' Equity Preferred $0.70 stock, $20 par Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $340,000 390,000 2,038,900 $2,768,900 $5,260,910 $340,000 390,000 1,701,100 $2,431 100 $4,215,454 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 20Y2 2011 Retained earnings, January 1 $1,701,100 $1,438,000 Net income 369,200 294,500 Dividends: On preferred stock -11,900 -11,900 On common stock -19,500 -19,500 Retained earnings, December 31 $2,038,900 $1,701,100 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $2,309,720 $2,128,090 Cost of merchandise 882,570 811,960 sold Gross profit $1,427,150 $1,316,130 Selling expenses $477,480 $581,030 Administrative 406,750 341,240 expenses Total operating $884,230 $922,270 expenses Income from $542,920 operations $393,860 Other revenue and expense: Other revenue 28,580 25,140 Other expense (interest) -152,000 -84,000 Income before income tax expense $419,500 $335,000 Income tax expense Net income 50,300 $369,200 40,500 $294,500 days days 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 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 %