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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
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
Measures of liquidity,Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was 54 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 $3,542,400 725,600 4,268,000o 4,168,800 Retained earnings, January 1 Net income Total Dividends 921,600 4,892,000 On preferred stock On common stock Total dividends $ 11,900 87,300 $99,200 4,991,200 11,900 87,300 99,200 $ 4,168,800 Retained earnings, December 31Step by Step Solution
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