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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

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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 rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year. Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $67 on December 31,20Y2. Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which Other revenue and expense: Other revenue Other expense (interest) Income before income tax expense Income tax expense Net income 34,030 (176,000)$504,50060,500$444,000 28,790 (96,800)$383,00046,400$336,600 Marshall Inc. Comparative Balance Sheet December 31,20Y2 and 20Y1 20Y220Y1 Assets Current assets: Cash $414,830$430,000 Marketable securities Accounts receivable (net) 627,850 712,580 Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities Current liabilities 489.100459,900 365,000 2 277,400 \begin{tabular}{rr} 365,000. & 277,400 \\ 78,483 & 86,000 \\ \hline$1,975,263 & $1,965,880 \end{tabular} 1,247,112254,938 2,860,000 2,574,000 $6,082,375$4,794,818 \begin{tabular}{rr} 1,247,112 & 254,938 \\ 2,860,000 & 2,574,000 \\ \hline$6,082,375 & $4,794,818 \\ \hline \hline \end{tabular} Long-term liabilities: 5681,125 $786,068

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