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, 2012 and 2041 20Y2 20Y1 Retained earnings, January 1 $1,667,550 364,000 $1,416,550 290,100 Net income Total $2,031,550 $1,706,650 Dividends: $6,300 $6,300 On preferred stock On common stock 32,800 32,800 Total dividends $39,100 $39,100 Retained earnings, December 31 $1,992,450 $1,667,550 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2092 20Y1 Sales $2,222,850 $2,047,980 Cost of goods sold 792,050 728,690 Gross profit $1,430,800 $1,319,290 Selling expenses $490,690 $591,190 347,210 Administrative expenses 417,990 $938,400 Total operating expenses Income from operations $908,680 $522,120 27,480 $380,890 Other revenue 24,310 $549,600 $405,200 Other expense (interest) 136,000 75,200 Income before income tax Income tax expense $413,600 49,600 $364,000 $330,000 39,900 $290,100 Net income Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 2042 2041 Assets Current assets Cash $293,290 $349,420 579,030 Marketable securities Accounts receivable (net) Inventories 443,900 394,200 372,300 292,000 219,000 Prepaid expenses 55,494 69,880 Total current assets $1,478,884 1,283,526 Long-term investments $1,589,630 298,518 1,989,000 $3,877,148 Property, plant, and equipment (net) 2,210,000 $4,972,410 Total assets Liabilities Current liabilities $509,960 $499,598 Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% $760,000 940,000 940,000 Total long-term liabilities $1,700,000 $2,209,960 $940,000 $1,439,598 $360,000 Total liabilities Stockholders' Equity Preferred $0.70 stock, $40 par Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 410,000 $360,000 410,000 1,992,450 $2,762,450 $4,972,410 1,667,550 $2,437,550 $3,877,148 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