Instructions Questions Instructions The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.80 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 3,712,000.00 $3,262,000.00 560,000.00 $4,282,000.00 $3,822,000.00 2Retained earnings,January 1 3 Net income Total 5Dividends: On preferred stock On common stock 8 Total dividends 9 Retained earnings, December 31 00000 560,0000 10,000.00 $10,000.00 100,000.00 $110,000.00 $110,000.00 100,000.00 $4,172,000.00 3,712,000.00 structions Marshall Inc Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 2 Sales 3Cost of goods sold 4 Gross profit 5 Selling expenses 6 Administrative expenses 7 Total operating expenses 8 Income from operations Other revenue $10,840,000.00 $10,000,000.00 ,440,000.00 4,840,000.00 $4,560,000.00 2,180,000.00 $2,000,000.00 1,500,000.00 $3,807,500.00 $3,500,000.00 1,032,500.00 $1,060,000.00 20,000.00 1,132,000.00 $1,080,000.00 120,000.00 $960,000.00 400,000.00 $560,000.00 6,000,000.00 ,627500.00 9,500.00 10 132,000.00 1,000,000.00 430,000.00 $570,000.00 11 Other expense (interest) 12 Income before income tax 13 ncome tax expense 14 Net income Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets 3Current assets 4 Cash 5 Marketable securities Accounts receivable (net 7Inventories 8 Prepaid expenses 9Total current assets 10 Long-term investments 11 Property, plant, and equipment (net) 2 Total assets 950,000.00 420,000.00 500,000.00 380,000.00 20,000.00 2,452,000.00 $2,270,000.00 800,000.00 5,184,000.00 9,022,000.00 $8,254,000.00 $1,050,000.00 301,000.00 584,000.00 410,000.00 107,000.00 800,000.00 5,770,000.00 Liabilities 13 900,000.00 $792,000.00 4 Current liabilities structions 9,022,000.00 $8,254,000.00 2 Total assets Liabilities 13 $900,000.00 $792,000.00 4 Current liabilities 15 Long-term liabilities: 16 Mortgage note payable, 6%, $200,000.00 3,000,000.00 3,200,000.00 $3,000,000.00 $4,100,000.00 $3,792,000.00 3,000,000.00 Bonds payable, 496, Total long-term liabilities 18 Total liabilities 19 Stockholders' Equity 20 $250,000.00 500,000.00 3,712,000.00 $4,922,000.00 $4,462,000.00 9,022,000.00 $8,254,000.00 $250,000.00 500,000.00 ,172,000.00 21 Preferred 4% stock, $5 par 2 Common stock, $5 par 23 Retained earnings 24 Total stockholders' equity 5otaabilities and stockholders' equity Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts): Assume a 365-day 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 bilities 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. Earmings.per shar e on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield Questions 1,552,000V 2.7 2.2 20.0 19.0 X 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