easures of liquidity, Solvency, and Profitability the comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 70 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Retained earnings, January 1 $1,308,050 300,000 $1,115,650 228,500 Net income $1,608,050 $1,344,150 $9,100 $9,100 Total Dividends: On preferred stock On common stock Total dividends Retained earnings, December 31 27,000 27,000 $36,100 $36,100 $1,571,950 $1,308,050 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2011 eBook Calculator Print Item ZUTZ ZOTT Sales $1,552,620 $1,685,205 572,320 $1,112,885 526,530 $1,026,090 $458,360 Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue $372,730 317,505 269,190 $690,235 $727,550 $298,540 $422,650 22,250 $444,900 104,000 Other expense (interest) Income before income tax 19,060 $317,600 57,600 $260,000 Income tax expense $340,900 40,900 31,500 Net income $300,000 $228,500 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2011 2012 2011 eBook Calculator Print item Assets Current assets $314.440 521,070 $295,310 446,960 306,600 233,600 55,878 284,700 175,200 62,890 Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities $1,358,300 $1,338,348 1,069,162 1,430,000 $3,837,510 667,632 1,287,000 $3,312,932 $405,560 $724,882 Current abilities Long-term liabilities: Mortgage note payable, 8% Bonds partie, 8% Total long-term abilities so $580,000 720,000 720,000 $720,000 $1,300,000 $1,795,560 $1,444,882 Stockholders Equity Preferred 59.70 stad, $20 per $250.000 $260.000 Stockholders' Equity Preferred $0.70 stock, $20 par $260,000 $260,000 Common stock, $10 par 300,000 300,000 Retained earnings 1,571,950 1,308,050 Total stockholders' equity $2,131,950 $1,868,050 Total liabilities and stockholders' equity $3,837,510 $3,312,932 Required: Determine the following measures for 2012, 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. 1. Working capital 932,788 2. Current ratio 3.3 3. Quick ratio 2.6 4. Accounts receivable turnover 5.7 5. Number of days' sales in receivables 64.0 days 6. Inventory tumover 2.8 7. Number of days' sales in inventory 130.4 days 8. Ratio of fixed assets to long-term liabilities 1.1 9. Ratio of liabilities to stockholders' equity 0.8 The Internet and 2. Current ratio 3.3 3. Quick ratio 2.6 4. Accounts receivable turnover 5.7 5. Number of days' sales in receivables 64.0 days 2.8 6. Inventory turnover 7. Number of days' sales in inventory 130.4 days 8. Ratio of fixed assets to long-term liabilities 1.1 9. Ratio of liabilities to stockholders' equity 0.8 10. Times interest earned 11. Asset turnover 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