Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 55 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 2011 Retained earnings, January 1 $4,499,150 $3,812,550 Net income 1,036,000 780,900 Dividends: On preferred stock (13,300) (13,300) (81,000) On common stock (81,000) Retained earnings, December 31 $5,440,850 $4,499,150 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 2011 Sales $7,192,690 $6,627,030 Cost of merchandise sold 2,474,700 2,276,720 Gross profit $4,717,990 $4,350,310 $1,689,310 $2,053,860 Selling expenses Administrative expenses 1,439,050 1,206,240 $3,128,360 $3,260,100 Total operating expenses $1,589,630 $1,090,210 Income from operations Other revenue and expense: 83,670 69,590 Other revenue (496,000) (272,800) Other expense (interest) $1,177 300 $887 000 Income before income tax expense 141,300 106, 100 Income tax expense $1,036,000 $780,900 Net income Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 2012 20Y1 Assets Current assets: Cash $1,504,270 $941,240 Marketable securities 2,276,740 1,559,760 Accounts receivable (net) 1,255,600 1,182,600 Inventories 934,400 715,400 Prepaid expenses 284,589 188,250 Total current assets $6,255,599 $4,587,250 Long-term investments 2,613,186 463,158 Property, plant, and equipment (net) 6,820,000 6,138,000 Total assets $15,688,785 $11,188,408 Liabilities Current liabilities $2,017 935 $1,249,258 Long-term liabilities: Mortgage note payable, 8% $2,790,000 $0 Bonds payable, 8% 3,410,000 3,410,000 Total long-term liabilities $6,200,000 $3,410,000 Total liabilities $8,217,985 $4,659,258 Stockholders' Equity Preferred $0.70 stock, $50 par $950,000 $950,000 Common stock, $10 par 1080,000 1,080,000 Retained earnings 5,440,850 4.499,150 Total stockholders' equity $7470,850 $6.529 150 Total liabilities and stockholders' equity $15.688785 $11,188,408 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 4,237,664 2. Current ratio 3.1 3. Quick ratio 2.50 4. Accounts receivable turnover 5.9 5. Number of days' sales in receivables 62 X days 6. Inventory turnover 3 7. Number of days' sales in inventory 122 X days 8. Ratio of fixed assets to long-term liabilities 1.52 x 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 3.2 11. Asset turnover 0.5352 12. Return on total assets 6.6 X % 13.87 X % 13. Return on stockholders' equity 94.69 X % 14. Return on common stockholders' equity 9.469 X 15. Earnings per share on common stock 105.6 X 16. Price-earnings ratio $ 0.75 17. Dividends per share of common stock 7.5 X % 18. Dividend yield