Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 64 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 2012 2071 Retained earnings, January 1 $1,648,200 Net income Dividends: On preferred stock (7,000) (7,000) On common stock (32,200) (32,200) Retained earnings, December 31 $2,333,400 $1,946,600 > $1,946,600 426,000 337,600 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2011 Sales 2012 $2,404,620 919,800 $2,215,490 $1.484,820 $475,490 405,040 $880,530 $604,290 846,220 $1,369,270 $585,490 343,860 $929,350 $439,920 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 31,810 (152,000) $484,100 58,100 $426,000 28,080 (84,000) $384,000 46,400 $337,600 2011 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 2012 Assets Current assets: Cash $402,700 Marketable securities 609,500 Accounts receivable (net) 459,900 Inventories 350,400 Prepaid expenses 76,188 Total current assets $1,898,688 Long-term investments 1,759,432 Property, plant, and equipment (net) 2,090,000 Total assets $5,748,120 Liabilities Current liabilities $654,720 Long-term liabilities: Mortgage note payable, 8% $850,000 Bonds payable, 8% 1,050,000 Total long-term liabilities $1,900,000 Total liabilities $2,554,720 Stockholders' Equity Preferred $0.70 stock, $40 par $400,000 Common stock, $10 par 460,000 Retained earnings 2,333,400 Total stockholders' equity $3,193,400 Total liabilities and stockholders' equity $5,748,120 $387,560 642,240 430,700 262,800 77,510 $1,800,810 710,421 1,881,000 $4,392,231 $535,631 $0 1,050,000 $1,050,000 $1,585,631 $400,000 460,000 1,946,600 $2,806,600 $4,392,231 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 6. Ratio of fixed assets to long-term liabilities 9. Ratio of abilities 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