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Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 57 on December 31, 2012 Marshall Inc Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Retained earnings, January 1 $3,628,200 $3,052,200 Net Income 772,800 625,200 Total $4,401,000 $3,677,400 Dividends: On preferred stock On common stock $10,500 38,700 $10,500 38,700 $49,200 $3,628,200 Total dividends $49,200 Retained earnings, December 31 $4,351,800 Marshall Inc Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 Calculator Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Sales $4,346,420 $4,004,580 Cost of goods sold 1,623,930 Gross profit 1,765,140 $2,581,280 $795,630 $2,380,650 Selling expenses $985,540 677,760 578,810 Administrative expenses Total operating expenses Income from operations $1.473.390 $1,564,350 $1,107,890 58.310 $816,300 52.100 Other revenue $1,166,200 $868,400 Other expense (interest) 288,000 159,400 $878.200 $710,000 Income before income tax Income tax expense 105.400 94.800 Net Income $772.800 $625,200 Check My Work 3 more Check My Work uses remaining Calculator Marshall Inc Comparative Balance Sheet December 31, 2012 and 2041 2012 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories $871,480 1,319,000 861,400 642,400 164,872 $3,859,152 2,912,088 3.050.000 $770,440 1,276,740 810,300 496,400 154 090 Prepaid expenses Total current assets Long term investments $3.507,970 1.434,069 3.564,000 Property, plant, and equipment (net) Total assets $10.731.240 $8.556.030 Liabilities Current liabilities $1.169.440 Long-term liabilities Mortgage note payable, 8% Bonds payable, $1,620,000 1.900.000 1.980.000 Previous Check My Work 3 more they w ere Calculator Property, plant, and equipment (net) 3,960,000 3,564,000 Total assets $10,731,240 $8,556,033 Liabilities Current liabilities $1,169,440 $1,337,833 Long-term liabilities: SEE Mortgage note payable, 8% $1,620,000 $0 Bonds payable, 8% 1,980,000 1,980,000 1,980,000 1,980,000 Total long-term liabilities $3,600,000 $1,980,000 Total liabilities $4,769,440 $3,317,833 Stockholders' Equity Preferred $0.70 stock, $50 par $750,000 $750,000 Common stock, $10 par 860,000 860,000 Retained earnings 4,351,800 3,628,200 Total stockholders' equity $5,961,800 $5,238,200 Total liabilities and stockholders' equity $10,731,240 $8,556,033 Required: Determine the following measures for 2012, rounding to one decimal place, except for dollar amounts, which should be rounded to the n the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year $ 1. Worlding capital 2,689,712 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 Check My Work 3 more Check My Work uses remaining ( previous Next) V = m . * 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
