eBook Calculator Print Item Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 59 on December 31, 20Y2. 2011 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 Retained earnings, January 1 $3,102,250 Net income 691,200 Total $3,793,450 Dividends: On preferred stock $9,100 On compon stock 66,600 Total dividends $75,700 Retained earnings, December 31 $3,717,750 $2,637,650 540,300 $3,177,950 $9,100 66,600 $75,700 $3,102,250 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 Previous Check My Work 1 more Check My Work uses remaining Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 Sales 20Y1 $3,879,520 1,478,190 Cost of goods sold Gross profit $4,210,640 1,606,730 $2,603,910 $859,510 732,180 $1,591,690 Selling expenses Administrative expenses $1,057,790 621,240 $1,679,030 Total operating expenses Income from operations Other revenue $1,012,220 53,280 $722,300 46,100 $768,400 154,400 $1,065,500 280,000 Other expense (interest) Income before income tax $785,500 94,300 $614,000 73,700 Income tax expense Net Income $691,200 $540,300 Marshall Inc. Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 2012 20Y1 Assets Current assets Cash $638,500 1,058,090 730,000 452,600 Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments $674,670 1,021,120 773,800 584,000 127,638 $3,181,228 2,323,497 4,200,000 $9,704,725 127,700 $3,006,890 546,981 Property, plant, and equipment (net) 3,780,000 $7,333,871 Total assets Liabilities Current liabilities $1,096,975 $911,621 Long-term liabilities: Liabilities $1,096,975 $911,621 Current liabilities Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% $1,570,000 1,930,000 Total long-term liabilities 1,930,000 $3,500,000 $4,596,975 $1,930,000 $2,841,621 Total liabilities Stockholders' Equity Preferred $0.70 stock, $50 par Common stock, $10 par $650,000 740,000 Retained earnings $650,000 740,000 3,717,750 $5,107,750 $9,704,725 Total stockholders' equity 3,102,250 $4,492,250 $7,333,871 Total liabilities and stockholders' equity 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 $ 2,084,253 Check My Work 1 more Check My Work uses remaining. Previous Requirea: 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. 1. Working capital 2,084,253 2. Current ratio 3. Quick ratio 4. Accounts receivable tumover 5. Number of days' sales in receivables 6. Inventory turnover 65 x days 31 x 133 x days 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 Check My Work 1 more Check My Work uses remaining,
