Instructions The comparatve ftinancial statements of Marshal 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 20Y2 20Y1 Retained earnings, January 1 2 3 Net income 53,704,000.00 $3,264,000.00 550,000.00 4,304,000.00 $3,814000.00 600,000.00 Total s Dividends: 10,000.00$10,000.00 100,000.00 $110,000.00 4,194,000.00 $3,704,000.00 On preferred stock On common stock 100,000.00 Total dividends $110,00000 s Retained earnings, December 31 Instructions Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 10,850,000.00 $10,000,000.00 6,000,000.00 5,450,000.00 4,850,000.00 $4,550,000.00 2,170,00000 $2,000,000.00 ,627500.00 1500,000.00 $3.797500.00 $3,500,000.00 1,052,500.00 $1,050,000.00 20,000.00 1.15200000 $1070,000.00 20,000.00 $1,020,000.00 $950,000.00 400,000.00 $550,000.00 2 Sales s Cost of goods sold 4 Gross profit s Selling expenses Administrative expenses Total operating expenses Income from operations 99,500.00 9 Other revenue 10 132,00000 Other expense (interest) 12 Income before income tarx 15 Income tax expense 14 Net income 420,000.00 600,000.00 Instructions Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets 4Cash 1,050,000.00 $950,000.00 0100000 420,000.00 500,000.00 80,000.00 20,000.00 2,464,000.00 $2,270,000.00 800,000.00 ,760,000.00 5,184,000.00 9,024,000.00 $8,254,000.00 Marketable securities Accounts receivable (net) 85,000.00 20,000.00 108,000.00 7Inventories Prepaid expenses 9Total current assets DLong-term investments 800,000.00 Property,plant,and equipment (net) 12 Total assets 13 Liabilities Current Gabilities 15 Long-term liabilities: 16 Mortgage note payable, 6%. 880,000.00 800,000.00 5200,000.00 $000 Instructions 800,000.00 5,760,000.00 5,184,000.00 $9,024,000.00 $8,254,000.00 800,000.00 10 Long-term investments 1 Property, plant, and equipment (net) 12 Total assets 13 Liabilities $880,000.00 $800,000.00 14 Current liabilities 1s Long-term liabilities: 116 i Mortgage note payable,6%, 17 | Bonds payable, 4%, 1 Total long-term liabilities 19 Total liabilities 20 21 Preferred 4% stock, $5 par 22 Common stock, $5 par 23 Retained earnings 2 25 200,000.00 000,000.00 3,000,000.00 20000000 $3,000,000.00 4,080,000.00 $3,800,000.00 $0.00 Stockholders' Equity 250,000.00 $250,000.00 0000000500,000.00 ,194,000.00 3,704,000.00 4,944,000.00 $4,454,000.00 9,024,000.00 $8,254,000.00 Total stockholders equity Total liabilities and stockholders' equity ctions Questions 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 entin