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 su sequent 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 Inc, c Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 2012 20Y1 Retained earnings, January 1 $ 1,027,125 $ 870,275 Net income 227,200 178,300 Total $ 1,254,325 $ 1,048,575 Dividends On preferred stock $ 7,700 $ 7,700 On common stock 13,750 13,750 Total dividends $ 21,450 $ 21,450 Retained earnings, December 31 $ 1,232,875 $ 1,027,125 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $ 1,389,920 $ 1,280,580 Cost of goods sold 503,700 463,400 Gross profit $ 886,220 $ 817,180 Selling expenses $ 296,850 $ 363,340 Check My Work Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $ 1,389,920 $ 1,280,580 Cost of goods sold 503,700 463,400 Gross profit $ 886,220 $ 817,180 Selling expenses $ 296,850 $ 363,340 Administrative expenses 252,880 213,390 Total operating expenses 549,730 576,730 Income from operations $ 336,490 $ 240,450 Other income 17,710 15,350 $ 354,200 $ 255,800 Other expense (interest) 96,000 52,800 Income before income tax $ 258,200 $ 203,000 Income tax expense 31,000 24,700 Net income $ 227,200 $ 178,300 Assets Current assets Cash $ 192,110 $ 213,970 Marketable securities 290,750 354,570 Accounts receivable (net) 255,500 240,900 Inventories 189,800 146,000 Prepaid expenses 36,345 42,790 Total current assets $ 964,505 $ 998,230 Long-term investments 830,958 140,482 Property, plant, and equipment (net) 1,440,000 1,296,000 Total assets $ 3,235,463 $ 2,434,712 Liabilities Current liabilities $ 332,588 $ 277,587 Long-term liabilities Mortgage note payable, 8 % $ 540,000 $ 0 Bonds payable, 8 % 660,000 660,000 Total long-term liabilities $ 1,200,000 $ 660,000 Total liabilities $ 1,532,588 $ 937,587 Stockholders' Equity Preferred $ 0.70 stock, $ 20 par $ 220,000 $ 220,000 Common stock, $ 10 par 250,000 250,000 Retained earnings 1,232,875 1,027,125 Total stockholders' equity $ 1,702,875 $ 1,497,125 Total liabilities and stockholders' equity $ 3,235,463 $ 2,434,712 Check My Work Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which should requirement, if required. Assume 365 days a year. 1. Working capital $ 631,917 2. Current ratio 2.90 3. Quick ratio 2.2 4. Accounts receivable turnover 5.6 5. Number of days' sales in receivables 65.2 days 6. Inventory turnover 3 7. Number of days' sales in inventory 121.7 days 8. Ratio of fixed assets to long-term liabilities 1.2 9. Ratio of liabilities to stockholders' equity 0.90 10. Times interest earned 3.70 11. Asset turnover 12. Return on total assets X % 13. Return on stockholders' equity X % 14. Return on common stockholders' equity % 15. Earnings per share on common stock $ 16. Price-earnings ratio 17. Dividends per share of common stock $ 0.55 18. Dividend yield X % Feedback