EBOOK Measures 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 2012 Retained earnings, January 1 $2,200,050 $1,856,650 Net income 516,800 380,300 Dividends: (6,300) (6,300) On preferred stock (30,600) (30,600) On common stock 52,679,950 $2,200,050 Retained earnings, December 31 Marshall Inc Comnarative Income Statement ssion Locator=&inprogress=false eBook Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Sales $2,867,190 973,820 Cost of merchandise sold Gross profit Selling expenses $3,111,990 1,058,500 $2,053,490 $705,000 600,560 $1,305,560 $747,930 $1,893,370 $871,610 511,900 Administrative expenses $1,383,510 $509,860 32,540 Total operating expenses Income from operations Other revenue and expense: Other revenue Other expense (interest) Income before income tax expense Income tax expense (110,400) 39,370 (200,000) $587,300 70,500 $516,800 $432,000 51,700 $380,300 Net income Chad My Work 1 more Check My Work uses remaining Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2011 20Y2 20Y1 Assets Current assets: Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets $562,200 850,900 554,800 408,800 106,356 $2,483,056 1,682,849 2,750,000 56,915,905 $567,090 939,750 518,300 321,200 113,420 $2,459,760 1,064,650 2,475,000 $5,999,410 Long-term investments Property, plant, and equipment (net) Total assets Liabilities TAM Llabilities Current liabilities $775,955 $1,459,360 $0 Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities Stockholders' Equity $1,120,000 1,380,000 $2,500,000 $3,275,955 1,380,000 $1,380,000 $2,839,360 Preferred $0.70 stock, $50 par Common stock, $10 par $450,000 510,000 2,679,950 $3,639,950 $6,915,905 $450,000 510,000 2,200,050 $3,160,050 $5,999,410 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 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 MI 17. Dividends per share of common stock % 18. Dividend yield
