Instructions Questons Instructions The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 20Y1 1 2012 2011 2 Retained earnings, January 1 $3.7044.000.00 $3.264.000.00 3 Net income 600,000.00 550,000.00 4 Total 54.304,000.00 $3.814,000.00 5 Dividends: 6 On preferred stock $10,000.00 $10.000.00 100.000.00 1 On common stock Total dividends Retained eaming. December 31 100,000.00 $110.000.00 54.194.000.00 $110.000.00 53.704,000.00 Marshalline Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 $10.50.000.00 2 Ses Cost of gold A Goof Singer 6.000.000.00 $150,000.00 52.170.000.00 122.500.00 51.97500.00 2011 $10.000.000.00 5450.000.00 54.550.000.00 52.000.000.00 1.500.000,00 51.500.000.00 $1.050,000.00 20.000.00 $1.070.000.00 1 egg 51,052.500.00 91.500.00 $1.152.000.00 120.000.00 SL60.000.00 590,000.00 5 $4.194,000.00 $3.704,000.00 etained earings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2012 2011 Sales $10,850,000.00 3 Cost of goods sold 6,000,000.00 5,450,000.00 $4,850,000.00 $4,550.000.00 4 Gross profit 15 Selling expenses $2.170,000.00 $2,000,000.00 6 Administrative expenses 1.627.500.00 1.500,000.00 $3.797.500.00 $3.500,000.00 7 Total operating expenses 8 Income from operations $1,052.500.00 $1,050,000.00 9 Other income 99.500.00 20,000.00 10 $1.152,000.00 $1,070,000.00 11 Other expense (interest) 132.000.00 120,000.00 12 Income before income tax $1.020,000.00 $950,000.00 13 Income tax expense 420.000.00 400,000.00 14 Net income $600.000,00 $550,000.00 Marshall Inc Comparative Balance Sheet December 31, 2012 and 2041 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 20Y1 2012 2011 2 Assets 3. Current assets: A Cash $1,050,000.00 $950,000.00 5. Marketable securities 301,000.00 420.000.00 585,000.00 500,000.00 6 Accounts receivable (net) 7 Inventories 420,000.00 380,000.00 3 Prepaid expenses 108.000.00 20.000.00 9 Total current assets $2,464,000.00 $2.270,000.00 10 Long-term investments 800,000.00 800.000.00 11 Property plant, and equipment (net) 5.760,000.00 5.184,000.00 12 Total assets $9.024.000.00 $8.254.000.00 Liabilities 14 Current liabilities 5880.000.00 $800,000.00 15 Long-term liabilities: $200,000.00 16 Mortgage note papable,6% 17 Bonds payable.4% 18 Total long term liabilities $0.00 3.000.000.00 3,000,000.00 $3,200,000.00 $3,000,000.00 54,080,000.00 $3,800,000.00 20 Stoholders Equity 1 Perred 4 stock. 55 par m Common stock. 55 par $250.000.00 $250,000.00 25 Patandang 24 Total stod holders equity 15 Total abilities and stockholders' equity 500.000,00 4.194.000.00 54.944.000.00 59,024,000.00 500.000.00 3.704.000.00 54,454.000.00 58.254.000.00 Questions Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share a 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 foxed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity @ 10. Times interest earned 11. Asset turnover 12. Return on total assets 96 $ 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 $ 96
