Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 66 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Retained earnings, January 1 Net Income $3,997,800 $4,757,000 1,065,600 818,800 Total $5,822,600 $4,816,600 Dividends: On preferred stock On common stock $14,000 $14,000 45,600 45,600 $59,600 Total dividends $59,600 $4,757.000 $5,763,000 Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2011 2012 $7,008,000 2,248,400 $6,456,820 2.058,530 Sales $4,358,290 Cost of goods sold $4,759,600 Prevos Previous Gross profit Submit Assignment for Grading Save and Ernstruc Check My Work 2 more Check My Work uses remaining Lol or goods sold Gross pront 2,248,400 $4,759,600 $1,727,380 Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue 1,471,470 2,068,530 $4,388,290 $2,073,170 1,217,580 $3,290,750 $1,097,540 70,060 $3,198,850 $1,560,750 82,150 $1,642,900 432,000 $1,167,600 237,600 Other expense (interest) Income before income tax Income tax expense Net Income $1,210,900 $930,000 145,300 111,200 $1,065,600 $818,800 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2011 2012 2011 Assets Current assets $1,076, 110 Cash 1,783,280 Marketable securities $1,247,250 1,887,730 1,204,500 905,200 1,131,500 700,800 Accounts receivable (net) Inventories Previous Check My Work 2 more Check My Work uses remaining, Submit Assignment for Grading Save and Et Email Instructor Printem Inventories 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% Total long-term liabilities 905,200 235,960 $5,480,640 3,055,060 6,480,000 $15,015,700 700.800 215,220 $4,906,910 1,229,174 5,832,000 $11,968,084 $1,712,700 $2,101,084 $0 $2,430,000 2,970,000 2,970,000 $2,970,000 $5,400,000 $7.112,700 Total liabilities $5,071,084 Stockholders' Equity Preferred $0.70 stock, $50 par Common stock, $10 par Retained earnings Total stockholders' equity $1,000,000 1,140,000 5,763,000 $1,000,000 1,140,000 4,757,000 $6,897,000 $7,903,000 $15,015,700 $11.968,084 Total liabilities and stockholders' equity Required: Determine the following measures for 2012, 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 Previous 1. Working capital Calculator Print item Required: Determine the following measures for 2012, 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 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 days days 11. Asset turnover 12. Retum on total assets 13. Return on stokholders' 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 Previous Work uses remaining, Submit Assignment for Grading Seanda