eBook Question Content Area Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 65 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $778,950 $659,350 Net income 177,600 135,100 Dividends: On preferred stock (5,600) (5,600) On common stock (9,900) (9,900) Retained earnings, December 31 $941,050 $778,950 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $1,124,200 $1,035,750 Cost of merchandise sold 402,230 370,050 Gross profit $721,970 $665,700 Selling expenses $241,200 $299,290 Administrative expenses 205,460 175,780 Total operating expenses $446,660 $475,070 Income from operations $275,310 $190,630 Other revenue and expense: Other revenue 14,490 12,170 Other expense (interest) (88,000) (48,800) Income before income tax expense $201,800 $154,000 Income tax expense 24,200 18,900 Net income $177,600 $135,100 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets: Cash $205,410 $190,820 Marketable securities 310,890 316,230 Accounts receivable (net) 211,700 197,100 Inventories 160,600 116,800 Prepaid expenses 38,865 38,160 Total current assets $927,465 $859,110 Long-term investments 552,740 147,271 Property, plant, and equipment (net) 1,210,000 1,089,000 Total assets $2,690,205 $2,095,381 Liabilities Current liabilities $309,155 $366,431 Long-term liabilities: Mortgage note payable, 8% $490,000 $0 Bonds payable, 8% 610,000 610,000 Total long-term liabilities $1,100,000 $610,000 Total liabilities $1,409,155 $976,431 Stockholders' Equity Preferred $0.70 stock, $20 par $160,000 $160,000 Common stock, $10 par 180,000 180,000 Retained earnings 941,050 778,950 Total stockholders' equity $1,281,050 $1,118,950 Total liabilities and stockholders' equity $2,690,205 $2,095,381 Required: 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 $fill in the blank 1 2. Current ratio fill in the blank 2 3. Quick ratio fill in the blank 3 4. Accounts receivable turnover fill in the blank 4 5. Number of days' sales in receivables fill in the blank 5 days 6. Inventory turnover fill in the blank 6 7. Number of days' sales in inventory fill in the blank 7 days 8. Ratio of fixed assets to long-term liabilities fill in the blank 8 9. Ratio of liabilities to stockholders' equity fill in the blank 9 10. Times interest earned fill in the blank 10 11. Asset turnover fill in the blank 11 12. Return on total assets fill in the blank 12 % 13. Return on stockholders equity fill in the blank 13 % 14. Return on common stockholders equity fill in the blank 14 % 15. Earnings per share on common stock $fill in the blank 15 16. Price-earnings ratio fill in the blank 16 17. Dividends per share of common stock $fill in the blank 17 18. Dividend yield fill in the blank 18 %