\fOperating Income $1,052,500 $1,050,000 Other revenue and expense: Other revenue 99,500 20,000 Other expense (interest) (132,000) (120,000) Income before income tax expense $1,020,000 $950,000 Income tax expense (420,000) (400,000) Net Income $600,000 $550,000 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets: Cash $1,050,000 $950,000 Marketable securities 301,000 420,000 Accounts receivable (net) 585,000 500,000 Inventories 420,000 380,000 Prepaid expenses 108,000 20,000 Total current assets $2,464,000 $2,270,000 Long-term investments 800,000 800,000 Property, plant, and equipment (net) 5,760,000 5,184,000 Total assets $ 9,024,000 $8,254,000\f6. Inventory turnover 15 7. Days' sales in inventory days 24.3 V 8. Ratio of fixed assets to long-term liabilities 1.8 9. Ratio of liabilities to stockholders' equity 0.8 10. Times interest earned 8.011. Asset turnover 1.3 12. Return on total assets 6.9 13. Return on stockholders' equity 12.8 14. Return on common stockholders' equity 26.5 $ 15. Earnings per share on common stock 11.8 I # 16. Price-earnings ratio 7 17. Dividends per share of common stock 2 18. Dividend yield 2.4