Determine the following measures for 2012, 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 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 3,028,200 3.4 days days % % % % Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 57 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 20Y1 Retained earnings, January 1 Net income Total Dividends: On preferred stock On common stock Total dividends Retained earnings, December 31 20Y2 20Y1 $3,632,500 $3,062,900 772,800 627,400 $4,405,300 $3,690,300 $10,500 $10,500 47,300 47,300 $57,800 $57,800 $4,347,500 $3,632,500 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 20Y1 20Y1 20Y2 Sales $5,101,970 $4,700,720 Cost of goods sold 1,817,700 1,672,280 Gross profit $3,284,270 $3,028,440 Selling expenses $1,154,730 $1,378,610 Administrative expenses 983,650 809,660 Total operating expenses $2,138,380 $2,188,270 Income from operations $1,145,890 $840,170 Other revenue 60,310 53,630 $1,206,200 $893,800 Other expense (interest) 328,000 180,800 Income before income tax $878,200 $713,000 Income tax expense 105,400 85,600 Net income $772,800 $627,400 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets Current liabilities Long-term liabilities: 20Y2 20Y1 $998,460 $664,100 1,511,190 1,100,520 905,200 854,100 686,200 525,600 188,900 132,820 $4,289,950 $3,277,140 2,109,300 287,891 4,920,000 4,428,000 $11,319,250 $7,993,031 Liabilities $1,261,750 $490,531 Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities $1,840,000 $0 2,260,000 2,260,000 $4,100,000 $2,260,000 $5,361,750 $2,750,531 Stockholders' Equity Preferred $0.70 stock, $50 par $750,000 $750,000 Common stock, $10 par 860,000 860,000 Retained earnings 4,347,500 3,632,500 Total stockholders' equity $5,957,500 $5,242,500 Total liabilities and stockholders' equity $11,319,250 $7,993,031