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I need help with the blank ones. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 2011 Retained
I need help with the blank ones.
Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 2011 Retained earnings, January 1 $2,711,700 $2,288,100 Net income 621,600 468,600 Dividends: On preferred stock (9,800) (35,200) (9,800) (35,200) On common stock Retained earnings, December 31 $3,288,300 $2,711,700 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 20Y1 Sales $3,613,500 $3,329,250 Cost of merchandise sold 1,312,540 1,207,540 $2,121,710 Gross profit $2,300,960 Selling expenses $752,910 $940,020 Administrative expenses 641,370 552,080 $1,394,280 $1,492,100 Total operating expenses Income from operations $906,680 $629,610 Other revenue and expense: Other revenue and expense: Other revenue 40,190 47,720 (248,000) Other expense interest) (136,800) Income before income tax expense $706,400 $533,000 Income tax expense 84,800 64,400 Net income $621,600 $468,600 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets: Cash $624,640 $602,550 911,970 Marketable securities 1,035,120 Accounts receivable (net) 678,900 635,100 Inventories 511,000 394,200 Prepaid expenses 113,990 124,930 Total current assets $2,818,410 Long-term investments 1,989,360 $2,813,990 701,390 3,348,000 Property, plant, and equipment (net) 3,720,000 Total assets $8,527,770 $6,863,380 Liabilities Current liabilities $939,470 $1,241,680 Long-term liabilities: Mortgage note payable, 8% $1,390,000 $0 Bonds payable, 8% 1,710,000 1,710,000 Total long-term liabilities $3,100,000 $1,710,000 Total liabilities $4,039,470 $2,951,680 Stockholders' Equity Preferred $0.70 stock, $40 par $560,000 $560,000 Common stock, $10 par 640,000 640,000 Retained earnings 3,288,300 2,711,700 Total stockholders' equity $4,488,300 $3,911,700 Total liabilities and stockholders' equity $8,527,770 $6,863,380 Required: Determine the following measures for 2012, 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 1,878,940 2. Current ratio 3 3. Quick ratio 2.3 4. Accounts receivable turnover 5.5 5. Number of days' sales in receivables 66.4 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 1.8 9. Ratio of liabilities to stockholders' equity 0.9 10. Times interest earned 3.8 11. Asset turnover 0.47 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 %Step by Step Solution
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