Chapter 17 Financial Statement Analysis 873 PR 17-4A Measures of liquidity, soivancy, and profitability The comparative financial statements of Marshall Inc: are as follows. The market price er of days b 183 Marshall common stock was $82.60 on December 31, 2012. 0B1. 3, 4, The market price of Marshall Inc Comparstive Retained Earnings Statement For the Years Ended December 31,20Y2 and 20Y1 Excel 20Y2 20Y1 Retained earnings, January 1 Net income.. Total Dividends: 3,704,000 3.264,000 550,000 $4,304,000 3,814,000 600,000 On preferred stock On common stock... 5 10,000 10,000 100,000 S 110,000 110,000 $4.194.00o 3.704,000 100,000 Total dividends. .. Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 $10,850,000 $10,000,000 6,000,000 ,450,000 Cost of goods sold. Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue $ 4850,000 4550,000 $ 2,170,000 2,000,000 1,500,000 S 3,797.500 $3.500,000 1,052,500 $1,050,000 20,000 1,152,000 1,070,000 120,000 5 1,020000 5 950,000 400,000 600,000 S 550,000 1,627,500 99,500 132,000 Other expense linterest) .. Income before income tax Income tax expense Net income 420,000 Marshall Inc. Marshall Inc Comparative Balance Sheet Oscember 31, 20Y2 and 20Y1 20Y2 207s Assets Current assets: $1,050,000 450.000 Cash Marketable securities Accounts receivable (net!.. Inventories Prepaid expenses 420000 500,000 330,000 20,000 $ 2,464,000 $2.270,000 800,000 5,184,000 $ 9,024,000$8,254,000 301,000 585,000 420,000 108,000 Total current assets Long-term investments Property, plant, and equipment (net) Total assets 800,000 5,760,000 Liabilities 5 880000 800000 Current liabilities.. Long-term liabilities: s 200,000 3,000,000 3,200,000 3,000,000 $3,000,000 $3,800,000 Bonds payable, 4% Total long term liabilities . Total liabilities Stockholders' Equity $ 250,000 250,000 500,000 3,704,000 $4,454,000 500,000 4,194,000 $4,944,000 $9,024,000 Retained earnings. $8,254,000 Continued) Instructions decimal place, including per Determine the following measures for 20Y2, rounding to one decimal pl centages, except for per-share amounts: 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 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