Current Liabllities Current Assets Calculated Value 1. Working capital: Ratio Numerator DenominatorCalculated Value 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 eamed 11. Asset turnover 12. Return on total assets 13. Return on stockholders 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest eamed 11. Asset tumover 12. Retum on total assets 13. Return on stockholders equity 14. Return on common stockholders' equity 15. Eamings per share on common stock 16. Price-earnings ratio Dividends per share of common stock 17. 18. Dividend yield 873 PR 17-4A Measures of liquidity, solvency, and profitability of daysThe comparative financial statements of Marshall Inc, are as follows The Nu recelvables, 18.3 Marshall common stock was $82.60 on December 51, 2o2 n receivables, 18.3 Marshall The market price For the Years Ended December 31, 20Y2 and 20Y Retained earnings, January 1 Net income Total 4 304 00053814 00 On preferred stock 10,000 10.000 Total dividends 100,000 s 110,000S110,000 4,194,000 $3,704,000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 10.850,000 $10,000,000 6.000,000 5450.000 $ 4850,000 $4,550,000 2,170000 $2,000,000 Gross profit Selling expenses Total operating expenses Income from operations. Other revenue 1.627 5001500.000 3.797.500 3500,000 $1,052,500 $1,050,000 99.500 5 1,152000 $1,070,000 Other expense (interest) Income before income tax Income tax expense . Net income. ..1,020000 5 950,000 20,000400,000 5 600,000 550000 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 Assets Current assets: $1,050,000 $ 950,000 Marketable securities 301,000 Inventories Prepaid expenses . 420,000 108,000 , , , , 2.464000 $2.270,000 Total current assets. Property, plant, and equipment (net).. Total assets.. 5,760,000 9,024,000 $8,254 5,184,000 $8,254,000 5 880000 $ 800.000 Current liabilities Long-term liabilities: 3,000,000 $3,200,000 $3,000,.000 4.080000 3.800,000 3,000,000 Bonds payable, 4% Total liabilities Preferred 4% stock, $5 par . Total long-term liabilities Stockholders' Equity S 250,000 250,000 4,194,000 3,704,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity.9024.000 $8.254.000 $4,454,000 Instructions Determine 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 the following measures for 20Y2, rounding to one decimal place, inc 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
