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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 Inc. common stock was
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 $ 57 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 201 Retained earnings, January 1 2,341,975 $1,989,625 407,500 Net income 511,200 Total 2,853,175 s 2,397,125 Dividends On preferred stock $ 8,400 $8,400 46,750 On common stock 46,750 Total dividends 55.150 $ 55,150 Retained earnings, December 31 2,798,025 2,341,975 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 202 201 Sales 2,998,475 2,762,660 Cost of goods sold 1,199,390 1,103,440 Gross profit $1,799,085 $1,659,220 Selling expenses s566.800 703,370 Administrative expenses 482,835 413,090 Total operating expenses 1,049,635 1,116,460 Income from operations $ 749,450 542,760 Other income 39,450 34,640 $577,400 788,900 Other expense (interest) 208,000 114,400 Income before income tax 580,900 $463,000 Income tax expense 69,700 55,500 511,200 $ 407,500 Net income Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Current assets Cash $653,880 $506,690 Marketable securities 989.650 839,650 Accounts receivable (net) 584,000 547,500 438,000 Inventories 335,800 Prepaid expenses 123,706 101,340 Total current assets 2,789,236 2,330,980 1,104,012 Long-term investments 312,331 Property, plant, and equipment (net) 3,380,000 3,042,000 Total assets 7,273,248 5,685,311 Liabilities Current liabilities s845,223 883,336 Long-term liabilities Mortgage note payable, 8 % $1,170,000 Bonds payable, 8 % 1,430,000 1,430,000 Total long-term liabilities $2,600,000 $1,430,000 Total liabilities 3,445,223 $2,313,336 Stockholders' Equity Preferred 0.70 stock, $ 40 par 480,000 $ 480,000 Common stock, $ 10 par 550,000 550.000 Retained earnings 2,798,025 2,341,975 Total stockholders' equity 3,828,025 3,371,975 $7,273,248 5,685,311 Total liabilities and stockholders' equity Required: Datarmina the following measures for 20Y2, rounding one dacimal place, axcapt for dollar amounts, which should be rounded to the naarest cant. Use the rounded answer of the requirament for subsequent requirement, if raquirad. Assu me 365 days a yaar 1. Working capital 2. Current ratio 3. Quick ratio Accounts receivable turnover 4. 5. Number of days' sales in receivables days 6. Inventory turnover 7. Number days sales in inventory days 8. Ratio of fixced assets to long-term liabilities 9. Ratio f liabilities to stockholders' equity 10. Times interest earned 11 Asset turnoyver 12. Return total assets stockholders' equity 13. turn common stockholders' equity 14. Return 15. Earnings per share common stock 16. Price-earnings ratio 17. Dividands per share common stock 18. Dividend vield
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