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I need help trying to figure this out. Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The

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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 63 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 Net income Total Dividends: $2,565,900 560,000 $3,125,900 2,172,700 445,000 $2,617,700 On preferred stock On common stock Total dividends 7,700 44,100 $51,800 3,074,100 $ 7,700 44,100 $51,800 $2,565,900 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 Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue 3,536,120 1,227,860 $ 2,308,260 $800,970 682,310 $1,483,280 824,980 43,420 $868,400 232,000 $636,400 76,400 $ 3,258,010 1,129,630 $ 2,128,380 $965,420 567,000 $1,532,420 595,960 38,040 634,000 128,000 506,000 61,000 Other expense (interest) Income before income tax Income tax expense Net income 560,000 445,000 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses $ 612,190 926,560 649,700 481,800 115,820 $ 2,786,070 1,526,720 3,770,000 $8,082,790 509,290 843,960 613,200 365,000 101,860 $2,433,310 108,599 3,393,000 $5,934,909 Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities Current liabilities $928,690 $589,009 Long-term liabilities Mortgage note payable, 8% $1,300,000 1,600,000 $2,900,000 $ 3,828,690 1,600,000 $1,600,000 $2,189,009 Bonds payable, 8% Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.70 stock, $50 par Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Required: $550,000 630,000 3,074,100 4,254,100 $ 8,082,790 $550,000 630,000 2,565,900 $3,745,900 $5,934,909 1,600,000 $2,900,000 3,828,690 1,600,000 $ 1,600,000 $ 2,189,009 Bonds payable, 8% Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.70 stock, $50 par Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 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 550,000 630,000 3,074,100 4,254,100 $8,082,790 $550,000 630,000 2,565,900 $3,745,900 $5,934,909 requirement for subsequent requirement, if required. Assume 365 days a year 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 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 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 days days

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