Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 62 on December 31, 2012 Marshall Inc. 2011 $1,107,750 226,900 Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2011 2012 Retained earnings, January 1 $1,307,550 Net income 292,000 Total $1,599,550 Dividends: On preferred stock $9,100 On common stock 18,000 Total dividends $27,100 Retained earnings, December 31 $1,572,450 $1,334,650 $9,100 18,000 $27,100 $1,307,550 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 Sales $1,655,640 20Y1 $1,525,420 545,340 Cost of goods sold Gross profit Selling expenses 592,760 $1,062,880 $350,390 298,480 $648,870 $414,010 Administrative expenses Total operating expenses Income from operations $980,080 $430,550 252,870 $683,420 $296,660 18,940 $315,600 57,600 $258,000 31,100 Other revenue 21,790 $435,800 104,000 Other expense (interest) Income before income tax $331,800 39,800 Income tax expense Net income $292,000 $226,900 UUR Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 2012 2011 Assets Current assets Cash $280,780 $321,420 Marketable securities Accounts receivable (net) Inventories 424,970 306,600 233,600 532,650 284,700 175,200 Prepaid expenses 53,122 64,280 $1,378,250 696,340 Total current assets Long-term investments Property, plant, and equipment (net) Total assets $1,299,072 1,109,338 1,430,000 $3,838,410 1,287,000 $3,361,590 Liabilities Current liabilities $405,960 $774,040 Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% $580,000 720,000 $1,300,000 $1,705,960 720,000 $720,000 $1,494,040 Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.70 stock, $20 par Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Required: $260,000 300,000 1,572,450 $2,132,450 $3,838,410 $260,000 300,000 1,307,550 $1,867,550 $3,361,590 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. heli - See 1. Working capital 2. Current ratio 3. Quick ratio and ow. g cap pital: - 4. Accounts receivable turnover days 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory days the w ons," Accou 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity I 10. Times interest earned 11. Asset turnover 12. Return on total assets AL RAT t, state ving fin ounting, bilable 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 5411,80C htio, and $434,00 18. Dividend yield
