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 $ 63 on December 31, 2012 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 $3,015,650 Retained earnings, January 1 $3,585,250 817,600 617,700 Net income Dividends: (13,300) (13,300) On preferred stock (34,800) (34,800) On common stock $4,354,750 $3,585,250 Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 20Y2 2011 . $4,878,225 1,757,110 $4,194.550 1,616,540 $2,878,010 $3,121,115 $1,040,510 $1,290,350 Sales Cost of merchandise sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue and expense: BB6,365 757,830 $2,048.180 $1.926,875 $1,194,240 $829,830 Other revenue 62,860 (328,000) 52,970 (180,000) $702,000 Other expense (interest) Income before income tax expense $929,100 Income before income tax expense $929,100 $702,000 111,500 84,300 Income tax expense $817,600 Net income $617,700 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2041 2012 2011 Assets Current assets: Cash $871,780 1,444,670 861,400 525,600 $836,250 1,265,670 912,500 686,200 158,205 $3,858,825 2,592,200 4,920,000 $11,371,025 174,360 $3,877,810 1,152,256 4,428,000 $9,458,066 Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities Current liabilities Long term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities Stockholders' Equity $1,286,275 $1,982,816 $0 2,260,000 $1,840,000 2,260,000 $4,100,000 $5,386,275 $2,260,000 $4,242,816 Preferred $0.70 stock, $40 par $760,000 $760,000 Cammaclar 070 on Onn Stockholders' Equity Preferred $0.70 stock, $40 par $760,000 $760,000 Common stock, $10 par 870,000 870,000 Retained earnings 4,354,750 3,585,250 Total stockholders' equity $5,984,750 $5,215,250 Total liabilities and stockholders' equity $11,371,025 $9,458,066 Required: Determine the following measures for 2012, rounding to one decimal place, except for dollar amounts, which sh 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 days 6. Inventory turnover 7. Number of days' sales in inventory days 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset tumover 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 %
