Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock w $ 62 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 $3,584,000 $3,021,900 Net income 828,800 618,900 Total $4,412,800 $3,640,800 Dividends: On preferred stock $13,300 $13,300 On common stock 43,500 43,500 Total dividends $56,800 $56,800 Retained earnings, December 31 $4,356,000 $3,584,000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $5,282,280 $4,866,830 Cost of goods sold 1,947,640 1,791,830 Gross profit $3,334,640 $3,075,000 $1,112,360 $1,390,650 Selling expenses Administrative expenses 947,570 816,730 $2,059,930 $2,207,380 Total operating expenses Income from operations $1,274,710 $867,620 Other revenue 67,090 55,380 Other revenue 67,090 55,380 $1,341,800 $923,000 Other expense interest) 400,000 220,000 Income before income tax $941,800 $703,000 Income tax expense 113,000 84,100 Net income $828,800 $618,900 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 2012 20Y1 Assets Current assets Cash $1,281,150 $836,740 Marketable securities 1,939,040 1,386,590 Accounts receivable (net) 1,007,400 949,000 Inventories 759,200 584,000 Prepaid expenses 242,390 167,350 Total current assets $5,229,180 $3,923,680 Long-term investments 1,841,420 696,261 Property, plant, and equipment (net) 5,500,000 4,950,000 Total assets $12,570,600 $9,569,941 Liabilities Current liabilities $1,584,600 $1,605,941 Long-term liabilities: Mortgage note payable, 8% $2,250,000 $0 Bonds payable, 8% 2,750,000 2,750,000 Total long-term liabilities $5,000,000 $2,750,000 Total long-term liabilities $5,000,000 $2,750,000 Total liabilities $6,584,600 $4,355,941 Stockholders' Equity Preferred $0.70 stock, $40 par $760,000 $760,000 Common stock, $10 par 870,000 870,000 3,584,000 Retained earnings 4,356,000 $5,986,000 Total stockholders' equity $5,214,000 Total liabilities and stockholders' equity $12,570,600 $9,569,941 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 %