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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 common stock was $ 62 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 $1,307,550 $1,107,750 Net income 292,000 226,900 Total $1,599,550 $1,334,650 Dividends: On preferred stock $9,100 $9,100 On common stock 18,000 18,000 Total dividends $27,100 $27,100 Retained earnings, December 31 $1,572,450 $1,307,550 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 202 201 Sales $1,655,640 $1,525,420 Cost of goods sold 592,760 545,340 Gross profit $1,062,880 $980,080 Selling expenses $350,390 $430,550 Administrative expenses 298,480 252,870 Total operating expenses $648,870 $683,420 Income from operations $414,010 $296,660 Other revenue 21,790 18,940 $435,800 $315,600 Other expense (interest) 104,000 57,600 Income before income tax $331,800 $258,000 Income tax expense 39,800 31,100 Net income $292,000 $226,900 Calculator eBook Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 201 20Y2 Assets Current assets $321,420 $280,780 Cash 532,650 424,970 Marketable securities 306,600 284,700 Accounts receivable (net) 175,200 233,600 Inventories 53,122 64,280 Prepaid expenses $1,299,072 $1,378,250 Total current assets 696,340 1,109,338 Long-term investments 1,287,000 1,430,000 Property, plant, and equipment (net) $3,838,410 $3,361,590 Total assets Liabilities $774,040 Current liabilities $405,960 Long-term liabilities: Mortgage note payable, 8% $580,000 $0 Bonds payable, 8% 720,000 720,000 Total long-term liabilities $1,300,000 $720,000 Total liabilities $1,705,960 $1,494,040 Stockholders' Equity Preferred $0.70 stock, $20 par $260,000 $260,000 Common stock, $10 par 300,000 300,000 Retained earnings 1,572,450 1,307,550 Total stockholders' equity $2,132,450 $1,867,550 Total liabilities and stockholders' equity $3,838,410 $3,361,590 Required: Prefe 300,00 1,307,550 Common stock, $10 par 1,572,450 Retained earnings $1,867,550 $2,132,450 Total stockholders' equity $3,361, 590 $3,838,410 Total liabilities and stockholders' equity Required: Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, whi be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, is Assume 365 days a year. 893,112 1. Working capital 3.2 2. Current ratio 2.5 3. Quick ratio 4. Accounts receivable tunover 5.6 5. Number of days' sales in recelvables 65.2 days 6. Inventory turnover 2.9 7. Number of days' sales in inventory 125.9 days 8. Ratio of fixed assets to long-term liabilities 1.1 9. Ratio of liabilities to stockholders' equity 0.8 10. Times interest earned 4.2 11. Asset turnover 0.5 12. Returm on total assets 13. Return on stockholders equity 8.1 X % 14. Return on common stockholders equity 14.6 % 15. tamings per share on common stock 16.3 % 14. Priceeanings ratio 9.43 17. Dividends per share of common stock 6.6 18. Dvidend yeid 0.6 1 Oe Al wark sved Previous Save and Exit Submit Assignment for Gradings