Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts): Assume a 365-day year.

1. Working Capital $ 1591000

2. Current ratio 2.8

3. Quick ratio 2.2

4. Accounts receivable turnover 20.0

5. Number of days' sales in receivables 18.3

6. Inventory turnover 15.2

7. Number of days’ sales in inventory 24

8. Ratio of fixed assets to long-term liabilities 1.8

9. Ratio of liabilities to stockholders’ equity .8

10. Times interest earned 8.5

11. Asset turnover

12. Return on total assets %

13. Return on stockholders’ equity 12.5%

14. Return on common stockholders’ equity %

15. Earnings per share on common stock $

16. Price-earnings ratio

17. Dividends per share of common stock $1.00

18. Dividend yield 1.2 %

Marshall Inc.

Comparative Retained Earnings Statement

For the Years Ended December 31, 20Y2 and 20Y1

1		20Y2	20Y1
2	Retained earnings, January 1	$3,712,000.00	$3,262,000.00
3	Net income	589,000.00	560,000.00
4	Total	$4,301,000.00	$3,822,000.00
5	Dividends:
6	On preferred stock	$10,000.00	$10,000.00
7	On common stock	100,000.00	100,000.00
8	Total dividends	$110,000.00	$110,000.00
9	Retained earnings, December 31	$4,191,000.00	$3,712,000.00

Marshall Inc.

Comparative Income Statement

For the Years Ended December 31, 20Y2 and 20Y1

1		20Y2	20Y1
2	Sales	$10,840,000.00	$10,000,000.00
3	Cost of goods sold	6,000,000.00	5,440,000.00
4	Gross profit	$4,840,000.00	$4,560,000.00
5	Selling expenses	$2,180,000.00	$2,000,000.00
6	Administrative expenses	1,627,500.00	1,500,000.00
7	Total operating expenses	$3,807,500.00	$3,500,000.00
8	Income from operations	$1,032,500.00	$1,060,000.00
9	Other income	99,500.00	20,000.00
10		$1,132,000.00	$1,080,000.00
11	Other expense (interest)	133,000.00	120,000.00
12	Income before income tax	$999,000.00	$960,000.00
13	Income tax expense	410,000.00	400,000.00
14	Net income	$589,000.00	$560,000.00

Marshall Inc.

Comparative Balance Sheet

December 31, 20Y2 and 20Y1

1		20Y2	20Y1
2	Assets
3	Current assets:
4	Cash	$1,050,000.00	$950,000.00
5	Marketable securities	301,000.00	420,000.00
6	Accounts receivable (net)	584,000.00	500,000.00
7	Inventories	410,000.00	380,000.00
8	Prepaid expenses	109,000.00	20,000.00
9	Total current assets	$2,454,000.00	$2,270,000.00
10	Long-term investments	800,000.00	800,000.00
11	Property, plant, and equipment (net)	5,750,000.00	5,184,000.00
12	Total assets	$9,004,000.00	$8,254,000.00
13	Liabilities
14	Current liabilities	$863,000.00	$792,000.00
15	Long-term liabilities:
16	Mortgage note payable, 6%,	$200,000.00	$0.00
17	Bonds payable, 4%,	3,000,000.00	3,000,000.00
18	Total long-term liabilities	$3,200,000.00	$3,000,000.00
19	Total liabilities	$4,063,000.00	$3,792,000.00
20	Stockholders’ Equity
21	Preferred 4% stock, $5 par	$250,000.00	$250,000.00
22	Common stock, $5 par	500,000.00	500,000.00
23	Retained earnings	4,191,000.00	3,712,000.00
24	Total stockholders’ equity	$4,941,000.00	$4,462,000.00
25	Total liabilities and stockholders’ equity	$9,004,000.00	$8,254,000.00