Chapter 17 Financial Statement Analysi Measures of liquidity, solvency, and profitability Instructions Questions Instructions The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.80 on December 31, 20Y2 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 2 Retained earnings, January 1 3 Net income 4 Total 3,712,000.00 3,262,000.00 560,000.00 4,282,000.00 $3,822,000.00 570,000.00 Dividends: 6 On preferred stock On common stock Total dividends 10,000.00 100,000.00 110,000.00 4,172,000.00 3,712,000.00 10,000.00 100,000.00 $110,000.00 9 Retained earnings, December 31 Marshall Inc