Current Liabilitles Calculated Value Current Assets - Working capita Ratio Calculated Value Denominator Numerator 2. Current ratio 3. Quick ratio Accounts recelvable tumover 5 Number of days sales in receivables 6. Inventory tumover 7. Number of days sales in inventory Ratio of foxed assets to long-term liabilities 8. 9. Ratio of iabilities to stockholders' equity Times interest eamed 10. 1 Asset tumover 12. Retum on total assets 13. Retum on stockholders PR 17-4A Measure OBJ. 3, 4,5 s of liquidity, solvency, and profitability Number of days The comparative s in receivables, 18.3 Marshall con tive financial statements of Marshall Inc are as follows. The market price of stock was $8260 on December 31, 20Y2. For the Years Ended December 31, 20Y2 and 20Y1 0Y1 Net income s 10,000 10,000 $ 110,000 110,000 494000 $3.704.000 On common stock. Total dividends Marshall Inc. For the Years Ended December 31, 20Y2 and 20Y1 20Y1 10,850,000 $10,000,000 Cost of goods sold. Gross proft Selling expenses Administrative expenses 550,000 $ 2,170,000 $ 2,000,000 5 3,797.500 3,500.000 50,000 1.500,000 500 Income from operations Other revenue $ 1,052,500 $1,050,000 99,500 5 1,152,000 $1,070,000 132,000 UOS 1,020,000 950,000 20,000 400,000 Other expense (interest) Income before income tax Income tax expense Net income : - S 600,000 550,000 Marshall Inc Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y1 0Y2 Assets Current assets: $1,050,000 950,000 420,000 301,000 Marketable securities Accounts receivable (net) Inventories Prepaid expenses 380,000 20,000 2.464,000 $2,270,000 800,000 5,184,000 $9,024,000 $8,254,000 108,000 5,760,000 Property, plant, and equipment (net) . . . . . . . Liabilities $ 880000 800,000 Long-term liabilities: $ 200,000 3,000,000 Mortgage note payable, 6% 3,000,000 Bonds payable, 4% Total liabilities Preferred 4% stock, SS par Retained earnings 3,200,000 $3,000,000 3,800,000 Total long-term liabilities Stockholders'Equity 250,000 $ 250,000 . 500,000 4,194,000 3,704,000 4.944,000 $4454,000 $9,024,000 000 Total stockholders'equity Continued) Instructions Determine the following measures for 20Y2, rounding to one decimal place centages, except for per-share amounts: place, 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