Accounting

Measures of liquidity, Solvency, and Profitability

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 55 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			$ 1,180,125		$ 1,003,275
Net income			248,400		205,500
Total			$1,428,525		$ 1,208,775
Dividends:
	On preferred stock		$ 8,400		$ 8,400
	On common stock		20,250		20,250
		Total dividends	$ 28,650		$ 28,650
Retained earnings, December 31			$ 1,399,875		$ 1,180,125

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$ 1,537,380		$ 1,416,500
Cost of goods sold	611,010		562,130
Gross profit	$ 926,370		$ 854,370
Selling expenses	$ 302,070		$ 365,570
Administrative expenses	257,320		214,700
Total operating expenses	$559,390		$580,270
Income from operations	$ 366,980		$ 274,100
Other revenue	19,320		17,500
	$ 386,300		$ 291,600
Other expense (interest)	104,000		57,600
Income before income tax	$ 282,300		$ 234,000
Income tax expense	33,900		28,500
Net income	$ 248,400		$ 205,500

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			20Y2		20Y1
Assets
Current assets
	Cash		$ 322,390		$ 208,040
	Marketable securities		487,940		344,760
	Accounts receivable (net)		292,000		277,400
	Inventories		219,000		175,200
	Prepaid expenses		61,000		41,610
		Total current assets	$ 1,382,330		$ 1,047,010
Long-term investments			686,433		102,683
Property, plant, and equipment (net)			1,560,000		1,404,000
Total assets			$ 3,628,763		$ 2,553,693
Liabilities
Current liabilities			$ 418,888		$ 143,568
Long-term liabilities:
	Mortgage note payable, 8%		$ 580,000		$ 0
	Bonds payable, 8%		720,000		720,000
		Total long-term liabilities	$ 1,300,000		$ 720,000
Total liabilities			$ 1,718,888		$ 863,568
Stockholders' Equity
Preferred $0.70 stock, $20 par			$ 240,000		$ 240,000
Common stock, $10 par			270,000		270,000
Retained earnings			1,399,875		1,180,125
Total stockholders' equity			$ 1,909,875		$ 1,690,125
Total liabilities and stockholders' equity			$ 3,628,763		$ 2,553,693

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		%