Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 Net income Total Dividends $1,658,725 379,600 $ 1,964,225 1,407,475 288,300 $1,695,775 On preferred stock On common stock Total dividends 6,300 30,750 37,050 $2,001,275 6,300 30,750 $37,050 $ 1,658,725 Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other income $2,304,245 792,050 $1,512,195 $525,510 447,655 973,165 539,030 28,370 $567,400 136,000 $431,400 51,800 379,600 $2,123,010 728,690 $ 1,394,320 $639,650 375,660 1,015,310 $379,010 24,190 $403,200 75,200 $328,000 39,700 $ 288,300 Other expense (interest) Income before income tax Income tax expense Net income Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses $374,690 567,090 401,500 292,000 70,886 1,706,166 1,412,129 1,870,000 $4,988,29!5 $395,900 656,050 379,600 219,000 79,180 $ 1,729,730 806,118 1,683,000 $4,218,848 Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities Current liabilities $517,020 $ 850,123 Long-term liabilities Mortgage note payable, 8 % $760,000 940,000 $1,700,000 $2,217,020 940,000 $940,000 $ 1,790,123 Bonds payable, 8 % Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.70 stock, $ 40 par Common stock, $ 10 par Retained earnings $360,000 410,000 2,001,275 $2,771,275 $4,988,29!5 360,000 410,000 1,658,72!5 $ 2,428,725 $4,218,848 Total stockholders' equity Total liabilities and stockholders' equity Required 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 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover days