eBook Calculator Print Item Measures of liquidity, solvency, and profitability Instructions Questions Instructions The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2. Marshall Inc Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 2012 Retained earnings, January 1 $3,704,000.00 Net income 600,000.00 Total $4,304,000.00 2011 $3,264,000.00 $50,000.00 $3,814,000.00 5 Dividends On preferred stock $10.000.00 On common stock 100,000.00 $10,000.00 100,000.00 $110,000.00 $4,194,000.00 110.000.00 Total dividends $3.704,000.00 Retained earnings, December 31 Check My Work Email Instructor Save and Exit All work saved. Submit Assignment for Gradi eBook Calculator Print Item Marshall Inc Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2092 2011 Sales $10,850,000.00 $10,000,000.00 3 Cost of goods sold 6,000,000.00 5,450,000.00 Gross profit 54,850,000.00 $4,550,000.00 5 Selling expenses $2,170,000.00 $2,000,000.00 Administrative expenses 1,627,500.00 1,500,000.00 Total operating expenses 53.797,500.00 $3,500,000.00 Income from operations 51,052,500.00 $1,050,000.00 Other revenue 99,500.00 20,000.00 51.152,000.00 11 Other expense interest) 132,000.00 $1,070,000.00 120,000.00 $950,000.00 12 Income before income tax $1,020,000.00 13 Income tax expense 42000000 400,000.00 14 Net income 5600,000.00 $550,000.00 Check My Work All work saved. Email Instructor Save and Exit CV.LULUKLU UN mok Calculator E Print Item Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 2012 20Y1 Assets 3 Current assets: Cash $1,050,000.00 $950,000.00 Marketable securities 420,000.00 301,000.00 585,000.00 Accounts receivable (net) 500,000.00 Inventories 380,000.00 420,000.00 108,000.00 Prepaid expenses 20,000.00 Total current assets $2,464,000.00 800,000.00 10 Long-term investments $2,270,000.00 800,000.00 5,184,000.00 11 Property, plant, and equipment (net) 5,760,000.00 12 Total assets $9,024,000.00 $8,254,000.00 Liabilities 14 Current liabilities $880,000.00 $800,000.00 15 Long-term Liabilities: $200,000.00 $0.00 16 17 Mortgage note payable, 6%, Bonds payable, 4%, 3,000,000.00 3,000,000.00 Total long-term liabilities $3,200,000.00 $3,000,000.00 meck My Work All work saved. Email Instructor blic X CengageNOWv2|Unline tede agenow.com/ilm/take Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator Hook Calculator Print Item Cash $1,050,000.00 301,000.00 Marketable securities $950,000.00 420,000.00 500,000.00 380,000.00 Accounts receivable (net) 585,000.00 Inventories 420,000.00 Prepaid expenses 108,000.00 20,000.00 Total current assets $2,464,000.00 10 Long-term investments 800,000.00 $2,270,000.00 800,000.00 5,184,000.00 11 Property, plant, and equipment (net) 5,760,000.00 12 Total assets $9,024,000.00 $8,254,000.00 Liabilities 14 Current liabilities $880,000.00 $800,000.00 15 Long-term liabilities: $200,000.00 $0.00 16 17 Mortgage note payable, 6%, Bonds payable, 4%, 3,000,000.00 Total long-term liabilities 19 Total Liabilities $3,200,000.00 $4,080,000.00 3,000,000.00 $3,000,000.00 $3,800,000.00 Stockholders' Equity 21 Preferred 4% stock, $5 par $250,000.00 22 Common stock, 55 par 500,000.00 4,194,000.00 $250,000.00 500,000.00 3,704,000.00 23 Retained earnings 24 Total stockholders' equity $4,944,000.00 $4,454,000.00 25 Total liabilities and stockholders' equity $9,024,000.00 $8,254,000.00 Check My Work Determine the following measures for 2012 (round to one decimal place, including percentages, except for per share amounts 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders equity 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 Questions Check My Work All work saved. Email Instructor Save and ex eBook Calculator Print Item Questions Determine the following measures for 2012 (round to one decimal place, including percentages, except for per share amounts): 1. Working Capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 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 Check My Work All work saved. Email Instructor Save and E eBook Calculator Print Item Measures of liquidity, solvency, and profitability Instructions Questions Instructions The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2. Marshall Inc Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 2012 Retained earnings, January 1 $3,704,000.00 Net income 600,000.00 Total $4,304,000.00 2011 $3,264,000.00 $50,000.00 $3,814,000.00 5 Dividends On preferred stock $10.000.00 On common stock 100,000.00 $10,000.00 100,000.00 $110,000.00 $4,194,000.00 110.000.00 Total dividends $3.704,000.00 Retained earnings, December 31 Check My Work Email Instructor Save and Exit All work saved. Submit Assignment for Gradi eBook Calculator Print Item Marshall Inc Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2092 2011 Sales $10,850,000.00 $10,000,000.00 3 Cost of goods sold 6,000,000.00 5,450,000.00 Gross profit 54,850,000.00 $4,550,000.00 5 Selling expenses $2,170,000.00 $2,000,000.00 Administrative expenses 1,627,500.00 1,500,000.00 Total operating expenses 53.797,500.00 $3,500,000.00 Income from operations 51,052,500.00 $1,050,000.00 Other revenue 99,500.00 20,000.00 51.152,000.00 11 Other expense interest) 132,000.00 $1,070,000.00 120,000.00 $950,000.00 12 Income before income tax $1,020,000.00 13 Income tax expense 42000000 400,000.00 14 Net income 5600,000.00 $550,000.00 Check My Work All work saved. Email Instructor Save and Exit CV.LULUKLU UN mok Calculator E Print Item Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 2012 20Y1 Assets 3 Current assets: Cash $1,050,000.00 $950,000.00 Marketable securities 420,000.00 301,000.00 585,000.00 Accounts receivable (net) 500,000.00 Inventories 380,000.00 420,000.00 108,000.00 Prepaid expenses 20,000.00 Total current assets $2,464,000.00 800,000.00 10 Long-term investments $2,270,000.00 800,000.00 5,184,000.00 11 Property, plant, and equipment (net) 5,760,000.00 12 Total assets $9,024,000.00 $8,254,000.00 Liabilities 14 Current liabilities $880,000.00 $800,000.00 15 Long-term Liabilities: $200,000.00 $0.00 16 17 Mortgage note payable, 6%, Bonds payable, 4%, 3,000,000.00 3,000,000.00 Total long-term liabilities $3,200,000.00 $3,000,000.00 meck My Work All work saved. Email Instructor blic X CengageNOWv2|Unline tede agenow.com/ilm/take Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator Hook Calculator Print Item Cash $1,050,000.00 301,000.00 Marketable securities $950,000.00 420,000.00 500,000.00 380,000.00 Accounts receivable (net) 585,000.00 Inventories 420,000.00 Prepaid expenses 108,000.00 20,000.00 Total current assets $2,464,000.00 10 Long-term investments 800,000.00 $2,270,000.00 800,000.00 5,184,000.00 11 Property, plant, and equipment (net) 5,760,000.00 12 Total assets $9,024,000.00 $8,254,000.00 Liabilities 14 Current liabilities $880,000.00 $800,000.00 15 Long-term liabilities: $200,000.00 $0.00 16 17 Mortgage note payable, 6%, Bonds payable, 4%, 3,000,000.00 Total long-term liabilities 19 Total Liabilities $3,200,000.00 $4,080,000.00 3,000,000.00 $3,000,000.00 $3,800,000.00 Stockholders' Equity 21 Preferred 4% stock, $5 par $250,000.00 22 Common stock, 55 par 500,000.00 4,194,000.00 $250,000.00 500,000.00 3,704,000.00 23 Retained earnings 24 Total stockholders' equity $4,944,000.00 $4,454,000.00 25 Total liabilities and stockholders' equity $9,024,000.00 $8,254,000.00 Check My Work Determine the following measures for 2012 (round to one decimal place, including percentages, except for per share amounts 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders equity 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 Questions Check My Work All work saved. Email Instructor Save and ex eBook Calculator Print Item Questions Determine the following measures for 2012 (round to one decimal place, including percentages, except for per share amounts): 1. Working Capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 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 Check My Work All work saved. Email Instructor Save and E