20Y1 Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 64 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 Retained earnings, January 1 $3,188,500 $2,685,500 Net income 750,000 550,000 Dividends: On preferred stock (11,900) (11,900) (35,100) (35,100) Retained earnings, December 31 $3,891,500 $3,188,500 On common stock Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2072 and 2041 2012 20Y1 Sales $4,972,395 $4,581,340 Cost of merchandise sold 1,714,770 1,577,590 $3,257,625 $3,003,750 Gross profit Selling expenses $1,137,210 $1,404,740 Administrative expenses 968,735 825,010 Total operating expenses $2,105,945 $2,229,750 Income from operations $1,151,680 $774,000 Other revenue and expense: Other revenue 49,400 60,620 (360,000) (198,400) Other expense interest) Income before income tax expense 5852,300 $625,000 Income tax expense 102,300 75,000 Net income $750,000 $550,000 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 20Y2 20Y1 Assets Current assets: Cash $1,112,380 $808,190 1,683,610 1,339,270 Marketable securities Accounts receivable (net) ) Inventories 897,900 846,800 671,600 511,000 Prepaid expenses 210,455 161,640 Total current assets $4,575,945 $3,666,900 1,262,205 416,768 Long-term investments Property, plant, and equipment (net) 5,400,000 4,860,000 Total assets $11,238,150 $9.943,668 Liabilities Current liabilities $1,386,650 $1,815,168 SO Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities $2,020,000 2,480,000 2,480,000 $4,500,000 $2,480,000 Total liabilities $5,886,650 $4, 295,168 Stockholders' Equity $680,000 $680,000 Preferred $0.70 stock, $40 par Common stock, $10 par 780,000 780,000 3,891,500 3,188,500 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $5,351,500 $4,648,500 $11,238,150 $8.943,668 Required: 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. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables days 6. Inventory turnover days 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities Ratio of liabilities to stockholders' equity 9. 10. Times interest earned 11. Asset turnover 12. Return on total assets 96 13. Return on stockholders' equity 96 % 14. Return on common stockholders' equity 15. Earnings per share on common stock s 16. Price-earnings ratio 17. Dividends per share common stock 18. Dividend yield