Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 70 on December 31, 2011 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y2 Retained earnings, January 1 $2,707,500 Net Income 630,000 Total $3,3 Dividends: On preferred stock $9,800 On common stock 35,200 Total dividends $45,000 Retained earnings, December 31 $3,292,500 $2,284,600 467,900 $2,752,500 $ 9,800 35,200 $45,000 $2,707,500

Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 70 on December 31, 20Y2. Marshall Inc. 20Y1 Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 2012 Retained earnings, January 1 $2,707,500 Net income 630,000 Total $3,337,500 Dividends: On preferred stock $9,800 On common stock 35,200 Total dividends $45,000 Retained earnings, December 31 $3,292,500 $2,284,600 467,900 $2,752,500 $9,800 35,200 $45,000 $2,707,500 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 Marshall Inc. 2011 Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 Sales $3,919,370 Cost of goods sold 1,312,540 Gross profit $2,606,830 Selling expenses $913,210 Administrative expenses 777,920 Total operating expenses $1,691,130 Income from operations $915,700 Other revenue 48,200 $3,611,160 1,207,540 $2,403,620 $1,118,220 656,730 $1,774,950 $628,670 40,130 $963,900 $668,800 248,000 136,800 Other expense (interest) Income before income tax $715,900 $532,000 Income tax expense 85,900 64,100 Net Income $630,000 $467,900 Marshall Inc. eBook Calculator Print item Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2041 20Y Current assets Cash $604,040 Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term Investments Property, plant, and equipment (net) Total assets 914,230 686,200 511,000 114,280 $2,829,750 1,676,000 4,030,000 $8,535,750 $622,710 1,031,930 642,400 394,200 124,540 $2,815,780 424,979 3,627,000 $6,867,759 Liabilities Current liabilities $943,250 $1,250,259 $1,390,000 1,710,000 $3,100,000 $4,043,250 Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term labilities Total liabilities Stockholders' Equity Preferred $0.70 stock, $40 par Common stock, $10 par Retained earnings Total stockholders' equity 1,710,000 $1,710,000 $2,960,259 $560,000 640,000 3,292,500 $560,000 640,000 2,707,500 $3,907,500 $6,867,759 $4,492,500 Total liabilities and stockholders' equity 58,535,750 Required: Determine the following measures for 2012, rounding to one decimal place, except for dollar amounts, which should be Check My Work 2 more Check My Wors ses remaining 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 tumover 7. Number of days' sales in inventory 8. Ratio of foxed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest eamed 11. Asetumover 12. Return on totalt 13. Return to holders' outy 14. Return on common stockholders' equity 15. Earnings por share on common stock 16. Price-camins ratio 17. Dividends whare of common stock 18. Dividend veld Die My won My wo an MacBook Air