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Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $ 2,579,820 $ 2,376,910 Cost of goods sold 950,460 874,420

Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $ 2,579,820 $ 2,376,910
Cost of goods sold 950,460 874,420
Gross profit $ 1,629,360 $ 1,502,490
Selling expenses $ 558,100 $ 695,720
Administrative expenses 475,420 408,590
Total operating expenses 1,033,520 1,104,310
Income from operations $ 595,840 $ 398,180
Other income 31,360 25,420
$ 627,200 $ 423,600
Other expense (interest) 184,000 101,600
Income before income tax $ 443,200 $ 322,000
Income tax expense 53,200 38,300
Net income $ 390,000 $ 283,700

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
Dec. 31, 20Y2 Dec. 31, 20Y1
Assets
Current assets
Cash $ 515,130 $ 386,740
Marketable securities 779,660 640,890
Accounts receivable (net) 467,200 438,000
Inventories 350,400 262,800
Prepaid expenses 97,454 77,350
Total current assets $ 2,209,844 $ 1,805,780
Long-term investments 1,105,821 321,555
Property, plant, and equipment (net) 2,530,000 2,277,000
Total assets $ 5,845,665 $ 4,404,335
Liabilities
Current liabilities $ 762,015 $ 717,985
Long-term liabilities
Mortgage note payable, 8 % $ 1,030,000 $ 0
Bonds payable, 8 % 1,270,000 1,270,000
Total long-term liabilities $ 2,300,000 $ 1,270,000
Total liabilities $ 3,062,015 $ 1,987,985
Stockholders' Equity
Preferred $ 0.70 stock, $ 40 par $ 360,000 $ 360,000
Common stock, $ 10 par 410,000 410,000
Retained earnings 2,013,650 1,646,350
Total stockholders' equity $ 2,783,650 $ 2,416,350

Total liabilities and stockholders' equity

$ 5,845,665

$ 4,404,335

Required: i give all answer that i got right Please provide the right answer that i put (wrong) and put this *** sigh

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 $ 1447829
2. Current ratio 2.9
3. Quick ratio ***2.31(wrong)
4. Accounts receivable turnover 5.7
5. Number of days' sales in receivables ***64.03(wrong) days
6. Inventory turnover 3.1
7. Number of days' sales in inventory ****117.74(wrong) days
8. Ratio of fixed assets to long-term liabilities ****1.58(wrong)
9. Ratio of liabilities to stockholders' equity 1.1
10. Times interest earned 3.4
11. Asset turnover ***0.503 (wrong)
12. Return on total assets ***7.60 (wrong) %
13. Return on stockholders equity ***14 (wrong) %
14. Return on common stockholders equity ***17.13(wrong) %
15. Earnings per share on common stock 9.36 $
16. Price-earnings ratio 7.07
17. Dividends per share of common stock 0.4 $
18. Dividend yield ***0.606(wrong) %

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