Instructions The comparative financial statements of Marshall Inc are as follows. The market price of Marshall common stock was $82 60 on December 31, 20Y2. Marshall Inc Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 2012 2011 Retained earnings, Janisary 1 53.704,000.00 600,000.00 $3.264,000.00 550,000.00 Net income 54.304.000.00 55.814.000.00 Total Dividends $1000000 5101000100 Da preferred stock On common stock 100.000 100.000.00 $110,000.00 Total dividende $110.000 54194 53.704.000 DO Retained in December 31 For the Years Ended December 31, 20Y2 and 20Y1 1 2012 2011 2 Sales $10,850,000.00 $10,000,000.00 Cost of goods sold 6,000,000.00 5,450,000.00 $4,850,000.00 54,550,000.00 Gross profit 5 Selling expenses $2,170,000.00 1,627,500.00 $2.000.000.00 1,500,000.00 Administrative expenses 53,797,500.00 53.500.000,00 Total operating expenses Income from operations $1.052,500.00 $1,050,000.00 20.000.00 Other revenue 99,500.00 51.152.000.00 12 51.070.000,00 11 Other expense interest) 132.000.00 120,000.00 income before income tax 5950.000,00 51.020.000.00 700.00 in Income tax expense 0000000 Net Income 500 5550.000 Marshall Inc Comparative Balance Sheet December 31, 20Y2 and 20Y1 1 2012 20Y1 2 Assets 3 Current assets: Cash $1,050,000.00 $950,000.00 4 301,000.00 420,000.00 5 Marketable securities 585,000.00 500,000.00 6 Accounts receivable (net) Inventories 7 420,000.00 380,000.00 108,000.00 20,000.00 Prepaid expenses 8 $2,464,000.00 Total current assets 52.270,000.00 9 800,000.00 800,000.00 10 Long-term investments $2464,000.00 $2,270,000.00 Instructions 9 Total current assets 10 Long-term investments 11 Property, plant and equipment (net) 12 Total assets 800,000.00 800,000.00 5,760,000.00 5,184,000.00 59,024,000.00 58,254,000.00 13 Liabilities 5880,000.00 5800,000.00 $200,000.00 50.00 14 Current liabilities 15 Long-term liabilities: 16 Mortgage note payable, 6%, Bonds payable. 4% Total long-term liabilities 19 Total liabilities 3,000,000.00 3,000,000.00 18 $3,200,000.00 55.000.000.00 54,080,000.00 $3,800,000.00 20 Stockholders' Equity 21 Preferred 4% stock. $5 par $250.000.00 $250,000.00 22 Common stock, 55 par 500,000.00 500,000.00 25 Retained earnings 4.194,000.00 3.704.000.00 $4,944,000.00 $4,454,000.00 24 Total stockholders' equity 25 Total liabilities and stockholders' equity $9.024,000.00 58,254,000.00 termine the following measures for 20Y2 (round to one decimal place, including percentages except for per-share amount 1. Working capital 2 Current ratio 3 Quick ratio 4 Accounts receivable tumover 5 Number of days sales in receivables 6. Inventory turnover 7 Number of days sales in inventory 8. Ratio ofbed assets to long-term Mabilities Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts) 1. Working Capital 2. Current ratio 3. Quick ratio 4. Accounts receivable tumover 5. Number of days' sales in receivables 6. Inventory tumover 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 eamed 11. Asset turnover 12. Retum 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 % % $ $ %
