8.Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 61 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $ 1,654,075 $ 1,400,225 Net income 384,800 286,800 Total $2,038,875 $ 1,687,025 Dividends: On preferred stock $ 6,300 $ 6,300 On common stock 26,650 26,650 Total dividends $ 32,950 $ 32,950 Retained earnings, December 31 $ 2,005,925 $ 1,654,075 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $ 2,144,740 $ 1,976,030 Cost of goods sold 825,630 759,580 Gross profit $ 1,319,110 $ 1,216,450 Selling expenses $ 410,010 $ 523,560 Administrative expenses 349,270 307,490 Total operating expenses $759,280 $831,050 Income from operations $ 559,830 $ 385,400 Other revenue 29,470 24,600 $ 589,300 $ 410,000 Other expense (interest) 152,000 84,000 Income before income tax $ 437,300 $ 326,000 Income tax expense 52,500 39,200 Net income $ 384,800 $ 286,800 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets Cash $ 410,790 $ 416,310 Marketable securities 621,730 689,880 Accounts receivable (net) 423,400 401,500 Inventories 321,200 248,200 Prepaid expenses 77,712 83,260 Total current assets $ 1,854,832 $ 1,839,150 Long-term investments 1,329,426 765,592 Property, plant, and equipment (net) 2,090,000 1,881,000 Total assets $ 5,274,258 $ 4,485,742 Liabilities Current liabilities $ 598,333 $ 1,011,667 Long-term liabilities: Mortgage note payable, 8% $ 850,000 $ 0 Bonds payable, 8% 1,050,000 1,050,000 Total long-term liabilities $ 1,900,000 $ 1,050,000 Total liabilities $ 2,498,333 $ 2,061,667 Stockholders' Equity Preferred $0.70 stock, $40 par $ 360,000 $ 360,000 Common stock, $10 par 410,000 410,000 Retained earnings 2,005,925 1,654,075 Total stockholders' equity $ 2,775,925 $ 2,424,075 Total liabilities and stockholders' equity $ 5,274,258 $ 4,485,742 Required: Determine the following measures for 20Y2, 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 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 % 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 %