Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Instructions The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was 622 00 on December 31, 2012
Instructions The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was 622 00 on December 31, 2012 Marshal Inc Comparative Retained Earnings Statement For the Year Ended December 31, 2012 and 2041 2012 2011 Retained earnings, nary $5.264,000.00 53704.000.00 600,000.00 5 Net income 550,000.00 Total 54,304,000.00 55,814,000.00 Dividends. On preferred stock $10,000.00 On common stock 100,000.00 $10,000.00 100.000.00 $110,000.00 Total dividends 5110,000.00 $4,194.000.00 55704.0000 Retained earings, December 31 Check My Work Save and Ex Submit Assignment from All work saved Instructions 2011 $10.000.000.00 5450,000.00 54350.000.00 $2,000,000.00 Marshalline Comparative Income Statement For the Year Ended December 31, 2012 and 2011 2012 + Sales $10.350.000,00 Cost of goods sold 6.000.000.00 Gross prot 54.850,000.00 Selling penses $2,170,000.00 Administrative penses 1627.500.00 Tout operating expenses $32797.500.00 Income from operations 51,052,500.00 Other income 99.500.00 51.152,000.00 11 Other expense interest 132.000.00 me before income tax 51.000.000.00 ne tax expense 420,000.00 income $600.000.00 1.500.000.00 $3.500.000.00 51.050,000.00 20,000.00 31.070,000.00 120.000,00 5950.000.00 400,000.00 $550.000.00 Check My Work Previous All work saved Save and Exit Submit Assignment for Grading WO ebook Print instructions Current $880,000.00 5800,000.00 Lang tumibilities Mortgage note payab 6 Bons payable.4% Total long term liabilities $0.00 3.000.000.00 5700.000,00 3.000.000.00 55.200,000.00 54.000.000.00 53.000.000.00 5.800,000.00 $750,000.00 Stockholders' Equity Pleted 4 stock 55 par Common stock, 55 par 31 Retained earnings Total stockholders equity 500,000.00 419400000 $250.000.00 500.000.00 370400000 5445400000 5444.000.00 Totals and stockholders equity 59.024.000.00 51254000.00 Determine the following monsures for 2012 (round to che decimal place, including percentages, axopt for per afare amount 1. Working capital 2 Current Check My Work Save and Exit Submit Assignment for Grading All work saved, Instruction The comparative financial statements of Marshallins are as follows. The market price of Marshall common stock was 260 on December 31, 20Y2. Marshal Inc Comparative Retained Earnings Statement For the Year Ended December 31, 2042 and 2041 2012 2011 Retained earnings, anary1 55.264.000.00 53.704,000.00 600,000.00 3 Net Income 550.000.00 Total 54,304,000.00 53,814,000.00 Dividends. On preferred stock . 510,000.00 510,000.00 On common stock 100,000.00 100.000.00 . Total dividends 5110,000.00 $110,000.00 53704,000 Retained earings, December 31 $4,194.000.00
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started