Measures of liquidity, Solvency and Profitability

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 64 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			$ 3,370,100		$ 2,845,200
Net income			717,600		582,700
Total			$ 4,087,700		$ 3,427,900
Dividends
	On preferred stock		$ 9,800		$ 9,800
	On common stock		48,000		48,000
		Total dividends	$ 57,800		$ 57,800
Retained earnings, December 31			$ 4,029,900		$ 3,370,100

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$ 4,848,660		$ 4,467,340
Cost of goods sold	1,923,550		1,769,670
Gross profit	$ 2,925,110		$ 2,697,670
Selling expenses	$ 972,430		$ 1,187,630
Administrative expenses	828,360		697,500
Total operating expenses	1,800,790		1,885,130
Income from operations	$ 1,124,320		$ 812,540
Other income	59,180		51,860
	$ 1,183,500		$ 864,400
Other expense (interest)	368,000		202,400
Income before income tax	$ 815,500		$ 662,000
Income tax expense	97,900		79,300
Net income	$ 717,600		$ 582,700

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			Dec. 31, 20Y2		Dec. 31, 20Y1
Assets
Current assets
	Cash		$ 1,208,290		$ 672,880
	Marketable securities		1,828,760		1,115,050
	Accounts receivable (net)		927,100		868,700
	Inventories		700,800		540,200
	Prepaid expenses		228,587		134,580
		Total current assets	$ 4,893,537		$ 3,331,410
Long-term investments			1,659,253		239,982
Property, plant, and equipment (net)			5,060,000		4,554,000
Total assets			$ 11,612,790		$ 8,125,392
Liabilities
Current liabilities			$ 1,482,890		$ 725,292
Long-term liabilities
	Mortgage note payable, 8 %		$ 2,070,000		$ 0
	Bonds payable, 8 %		2,530,000		2,530,000
		Total long-term liabilities	$ 4,600,000		$ 2,530,000
Total liabilities			$ 6,082,890		$ 3,255,292
Stockholders' Equity
Preferred $ 0.70 stock, $ 50 par			$ 700,000		$ 700,000
Common stock, $ 10 par			800,000		800,000
Retained earnings			4,029,900		3,370,100
	Total stockholders' equity		$ 5,529,900		$ 4,870,100
Total liabilities and stockholders' equity			$ 11,612,790		$ 8,125,392

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		%

Determine the follwing 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 requrement, if required. Assume 365 days a year 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number days' sales in receivables days 6. Inventory turnover days' sales in inventory 7. Number ep 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest eamed 11. Asset turnover n total assets 12. Return stockholders' equity 13. Return 14. Return on common stockholders' equity 15. Earnings per share common stock 16. Price-earnings ratio 17. Dividends per share common stock 18. Dividend vield