Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			20Y2		20Y1
Assets
Current assets:
	Cash		$345,270		$270,570
	Marketable securities		522,580		448,390
	Accounts receivable (net)		357,700		335,800
	Inventories		262,800		204,400
	Prepaid expenses		65,324		54,110
		Total current assets	$1,553,674		$1,313,270
Long-term investments			802,161		17,833
Property, plant, and equipment (net)			2,080,000		1,872,000
Total assets			$4,435,835		$3,203,103
Liabilities
Current liabilities			$501,185		$257,753
Long-term liabilities:
	Mortgage note payable, 8%		$720,000		$0
	Bonds payable, 8%		880,000		880,000
		Total long-term liabilities	$1,600,000		$880,000
Total liabilities			$2,101,185		$1,137,753
Stockholders' Equity
Preferred $0.70 stock, $20 par			$300,000		$300,000
Common stock, $10 par			340,000		340,000
Retained earnings			1,694,650		1,425,350
Total stockholders' equity			$2,334,650		$2,065,350
Total liabilities and stockholders' equity			$4,435,835		$3,203,103

Determine the following measures for 20Y2, 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	$fill in the blank 1
2. Current ratio	fill in the blank 2
3. Quick ratio	fill in the blank 3
4. Accounts receivable turnover	fill in the blank 4
5. Number of days' sales in receivables	fill in the blank 5	days
6. Inventory turnover	fill in the blank 6
7. Number of days' sales in inventory	fill in the blank 7	days
8. Ratio of fixed assets to long-term liabilities	fill in the blank 8
9. Ratio of liabilities to stockholders' equity	fill in the blank 9
10. Times interest earned	fill in the blank 10
11. Asset turnover	fill in the blank 11
12. Return on total assets	fill in the blank 12	%
13. Return on stockholders equity	fill in the blank 13	%
14. Return on common stockholders equity	fill in the blank 14	%
15. Earnings per share on common stock	$fill in the blank 15
16. Price-earnings ratio	fill in the blank 16
17. Dividends per share of common stock	$fill in the blank 17
18. Dividend yield	fill in the blank 18	%

Required:

Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 59 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 20Y1 Retained earnings, January 1 $1,425,350 $1,211,550 Net income 303,600 248,100 Dividends: On preferred stock (10,500) (10,500) On common stock (23,800) (23,800) Retained earnings, December 31 $1,694,650 $1,425,350 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 20Y1 20Y2 20Y1 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $2,011, 150 $1,852,960 Cost of merchandise sold 654,080 601,750 Gross profit $1,357,070 $1,251,210 Selling expenses $490,170 $579,570 Administrative expenses 417,550 340,380 Total operating expenses $907,720 $919,950 Income from operations $449,350 $331,260 Other revenue and expense: Other revenue 23,650 21,140 Other expense (interest) (128,000) (70,400) Income before income tax expense $345,000 $282,000 Income tax expense 41,400 33,900 Net income $303,600 $248,100