Measures of liquidity, Solvency, and Profitability

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 57 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			$2,722,300		$2,307,500
Net income			613,200		472,600
Dividends:
	On preferred stock		(9,800)		(9,800)
	On common stock		(48,000)		(48,000)
Retained earnings, December 31			$3,277,700		$2,722,300

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$3,245,580		$2,990,350
Cost of merchandise sold	1,227,860		1,129,630
Gross profit	$2,017,720		$1,860,720
Selling expenses	$621,300		$783,650
Administrative expenses	529,260		460,240
Total operating expenses	$1,150,560		$1,243,890
Income from operations	$867,160		$616,830
Other revenue and expense:
Other revenue	45,640		39,370
Other expense (interest)	(216,000)		(119,200)
Income before income tax expense	$696,800		$537,000
Income tax expense	83,600		64,400
Net income	$613,200		$472,600

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			20Y2		20Y1
Assets
Current assets:
	Cash		$595,880		$647,560
	Marketable securities		901,880		1,073,110
	Accounts receivable (net)		642,400		605,900
	Inventories		481,800		365,000
	Prepaid expenses		112,736		129,510
		Total current assets	$2,734,696		$2,821,080
Long-term investments			2,085,164		1,143,601
Property, plant, and equipment (net)			3,240,000		2,916,000
Total assets			$8,059,860		$6,880,681
Liabilities
Current liabilities			$882,160		$1,468,381
Long-term liabilities:
	Mortgage note payable, 8%		$1,210,000		$0
	Bonds payable, 8%		1,490,000		1,490,000
		Total long-term liabilities	$2,700,000		$1,490,000
Total liabilities			$3,582,160		$2,958,381
Stockholders' Equity
Preferred $0.70 stock, $40 par			$560,000		$560,000
Common stock, $10 par			640,000		640,000
Retained earnings			3,277,700		2,722,300
Total stockholders' equity			$4,477,700		$3,922,300
Total liabilities and stockholders' equity			$8,059,860		$6,880,681

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		%