BOOK Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 63 on December 31, 2012 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Retained earnings, January 1 $1,659,750 $1,418,650 Net Income 390,000 290,600 Dividends: On preferred stock (12,600) (12,600) (36,900) (36,900) On common stock $2,000,250 $1,659,750 Retained earnings, December 31 2011 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 Sales $2,187,080 Cost of merchandise sold 715.400 Gross profit $1,471.680 Selling expenses $497.580 Administrative expenses 423,860 $2,015.090 658,170 $1,356.920 $614,900 361,130 esource from Cengage learning eBook C www Selling expenses Administrative expenses $497,580 423,860 $921,440 $614,900 361,130 $976,030 Total operating expenses Income from operations Other revenue and expense: $550,240 $380,890 Other revenue 24,310 (75,200) 28,960 (136,000) $443,200 53,200 $390,000 Other expense (interest) Income before income tax expense Income tax expense Net income $330,000 39,400 $290,600 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 2012 20Y1 Assets Current assets: Cash Marketable securities $373,690 565,580 401,500 292,000 70,690 $1,703,460 $410,880 680,890 379,600 219,000 82,180 $1,772,550 Accounts receivable (net) Inventories Prepaid expenses Total current assets Prepaid expenses 70,690 82,180 Total current assets $1,703,460 $1,772,550 Long-term investments 1,242,990 714,735 Property, plant, and equipment (net) 2,040,000 1,836,000 Total assets $1,986,450 $4,323,285 Liabilities Current liabilities $516,200 $953,535 Long-term liabilities: Mortgage note payable, 8 $760,000 $0 Bonds payable, 89 940,000 940,000 Total long-term liabilities $1,700,000 1940,000 Total liabilities $2,216,200 $1,893,535 Stockholders' Equity Preferred $0.70 stock, $20 par $360,000 $360,000 110,000 410,000 Common stock, $10 par 2.000,250 1,659,750 Retained earnings 12,770,250 12,429,750 Total stockholders equity $4.986.450 H4,323,285 Total liabilities and stockholders' equity 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 1. Working DIL 2. Current Required: Determine the following measures for 2012, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest center 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 days 4. Accounts receivable turnover S. Number of days' sales in receivables 6. Inventory turnover 7. Number of days sales in inventory 8. Ratio of fixed assets to long-term labies days 9. Ratio of abilities 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-carings ratio 17. Dividends per share of common stock 18. Dividend yield My Work