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Measures of liquidity, Solvency, and Profitability (ONLY DO NUMBER 8 TO NUMBER 18) The comparative financial statements of Marshall Inc. are as follows. The market

Measures of liquidity, Solvency, and Profitability (ONLY DO NUMBER 8 TO NUMBER 18)

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 52 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 $2,057,900 $1,749,700
Net income 454,400 358,400
Total $2,512,300 $2,108,100
Dividends:
On preferred stock $7,700 $7,700
On common stock 42,500 42,500
Total dividends $50,200 $50,200
Retained earnings, December 31 $2,462,100 $2,057,900

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $2,657,200 $2,448,260
Cost of goods sold 963,600 886,510
Gross profit $1,693,600 $1,561,750
Selling expenses $563,450 $687,920
Administrative expenses 479,970 404,020
Total operating expenses $1,043,420 $1,091,940
Income from operations $650,180 $469,810
Other revenue 34,220 29,990
$684,400 $499,800
Other expense (interest) 168,000 92,800
Income before income tax $516,400 $407,000
Income tax expense 62,000 48,600
Net income $454,400 $358,400

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 20Y1
Assets
Current assets
Cash $420,050 $472,450
Marketable securities 635,750 782,920
Accounts receivable (net) 489,100 459,900
Inventories 365,000 277,400
Prepaid expenses 79,476 94,490
Total current assets $1,989,376 $2,087,160
Long-term investments 1,614,404 735,474
Property, plant, and equipment (net) 2,520,000 2,268,000
Total assets $6,123,780 $5,090,634
Liabilities
Current liabilities $621,680 $932,734
Long-term liabilities:
Mortgage note payable, 8% $940,000 $0
Bonds payable, 8% 1,160,000 1,160,000
Total long-term liabilities $2,100,000 $1,160,000
Total liabilities $2,721,680 $2,092,734
Stockholders' Equity
Preferred $0.70 stock, $40 par $440,000 $440,000
Common stock, $10 par 500,000 500,000
Retained earnings 2,462,100 2,057,900
Total stockholders' equity $3,402,100 $2,997,900
Total liabilities and stockholders' equity $6,123,780 $5,090,634

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 days
6. Inventory turnover
7. Number of days' sales in inventory days
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 %

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