Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Current assets Cash $ 650,710 $ 665,780 Marketable securities 984,860 1,103,290 Accounts receivable (net) 715,400 671,600 Inventories 540,200 408,800 Prepaid expenses 123,105 133,160 Total current assets $ 3,014,275 $ 2,982,630 Long-term investments 1,775,580 548,076 Property, plant, and equipment (net) 4,160,000 3,744,000 Total assets $ 8,949,855 $ 7,274,706 Liabilities Current liabilities $ 1,039,405 $ 1,425,156 Long-term liabilities Mortgage note payable, 8 % $ 1,440,000 $ 0 Bonds payable, 8 % 1,760,000 1,760,000 Total long-term liabilities $ 3,200,000 $ 1,760,000 Total liabilities $ 4,239,405 $ 3,185,156 Stockholders' Equity Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 56 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 $ 2,809,550 $ 2,371,650 Net income 668,800 485,800 Total $ 3,478,350 $ 2,857,450 Dividends On preferred stock $ 10,500 $ 10,500 On common stock 37,400 37,400 Total dividends $ 47,900 $ 47,900 Retained earnings, December 31 $ 3,430,450 $ 2,809,550 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 2012 20Y1 Sales $ 3,814,250 $ 3,514,300 Cost of goods sold 1,376,050 1,265,970 Gross profit $ 2,438,200 $ 2,248,330 Selling expenses $ 795,420 $ 1,006,170 Administrative expenses 677,580 590,930 Total operating expenses 1,473,000 1,597,100 Income from operations $ 965,200 $ 651,230 Other income 50,800 41,570 $ 1,016,000 $ 692,800 Other expense (interest) 256,000 140,800 Income before income tax $ 760,000 $ 552,000 Income tax expense 91,200 66,200 Net income $ 668,800 $ 485,800 Stockholders' Equity Preferred $ 0.70 stock, $ 40 par $ 600,000 $ 600,000 Common stock, $ 10 par 680,000 680,000 Retained earnings 3,430,450 2,809,550 Total stockholders' equity $ 4,710,450 $ 4,089,550 Total liabilities and stockholders' equity $ 8,949,855 $ 7,274,706 Required: Determine the following measures for 2012, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year. 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables days 6. Inventory turnover 7. Number of days' sales in inventory Accounting numeric field 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 %