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Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 56 on December 31, 202. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 Net income Total Divldends $2,828,150 $ 2,381,450 487,800 $ 3,370,750$ 2,869,250 624,800 On preferred stock On common stock Total dividends 10,500 30,600 41,100 3,411,850 10,500 30,600 $ 41,100 $ 2,828,150 Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales Cost of goods sold Gross profit s 3,613,500 $3,329,250 1,357,800 1,249,180 $ 2,255,700 $ 2,080,070 1,360,800 894,900 47,100 $ 942,000 232,000 710,000 85,200 $ 624,800 1,438,990 641,080 40,920 682,000 128,000 554,000 66,200 $ 487,800 Total operating expenses Income from operations Other income Other expense (interest) Income before income tax Income tax expense Net income Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses $ 663,310 1,099,200 635,100 394,200 132,660 2,731,136$ 2,924,470 1,337,382 570,260 863,090 678,900 511,000 107,886 Total current assets Long-term investments 2,524,194 Long-term investments Property, plant, and equipment (net) Total assets 2,524,194 3,190,000 8,445,330 1,337,382 2,871,000 $7,132,852 Liabilities Current liabilities 853,480 $1,424,702 Long-term liabilities Mortgage note payable, 8 % $ 1,300,000 1,600,000 $2,900,000 $ 3,753,480 s 0 1,600,000 $1,600,000 $ 3,024,702 Bonds payable, 8 % Total long-term liabilities Total liabilities Stockholders' Equity Preferred $ 0.70 stock, $ 40 par Common stock, $ 10 par Retained earnings 600,000 680,000 3,411,850 $4,691,850 $ 8,445,330 600,000 680,000 2,828,150 $ 4,108,150 7,132,852 Total stockholders' equity Total liabilities and stockholders' equity equired: etermine 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 f the requirement for subsequent requirement, if required. Assume 365 days a year Working capital . Current ratio Quick ratio Accounts receivable turnover Required: etermine the following measures for 20Y2, rounding to on e decimal place, except for dollar amounts, which should be rounded to the nearest cent. Us e decimal place, except for dollar amounts, which s of the requirement for subsequent requirement, if required. Assume 365 days a year 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts recelvable turnover 5. Number of days' sales in receivable 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 days days 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