Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall.common stock was $ 67 on December 31, 2012 20Y1 $2,681,300 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 Retained earnings, January 1 $3,183,500 Net Income 760,000 Dividends: On preferred stock (11,900) On common stock (35,100) Retained earnings, December 31 $3,896,500 549,200 (11,900) (35,100) $3,183,500 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 2011 Sales $5,146,865 $4,742,080 net af merchandise sold 1655.640 1523.190 1,655,640 1,523,190 $3,491,225 $3,218,890 $1,540,870 $1,257,550 1,071,255 $2,328,805 904,960 $2,445,830 Cost of merchandise sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue and expense: Other revenue Other expense (interest) Income before income tax expense Income tax expense Net income $1,162,420 $773,060 49,340 (198,400) 61,180 (360,000) $863,600 103,600 $760,000 $624,000 74,800 $549,200 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2041 20Y2 20Y1 Assets Current assets: Cash Marketable securities $806,450 1,336,390 Accounts receivable (net) $1,119,100 1,693,770 897,900 671,600 846,800 Inventories 511,000 211,725 161,290 Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities Current liabilities Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% $4,594,095 1,254,555 5,400,000 $11,248,650 $3,661,930 409,600 4,860,000 $8,931,530 $1,392,150 $1,808,030 so $2,020,000 2,480,000 2,480,000 Total Innstorm liabilities 44.500.000 $2 480 000 Mortgage note payable, 8% $2,020,000 $0 Bonds payable, 896 2,480,000 2,480,000 Total long-term liabilities $4,500,000 $2,480,000 Total liabilities $5,892,150 $4,283,030 Stockholders' Equity Preferred $0.70 stock, $40 par 5680,000 $680,000 Common stock, $10 par 780,000 780,000 Retained earnings 3,896,500 3,183,500 Total stockholders' equity 55,356,500 $4,643,500 Total liabilities and stockholders' equity $11,248,650 $8,931,530 Required: Determine the following measures for 2012, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cont. 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 recevable turnover 5. Number of days' sales in receivables days 6. Inventory turnover days 6. Inventory turnover 7. Number of days' sales in inventory 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 96 13. Return on stockholders' equity 95 96 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 90