Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 58 on December 31, 202. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 2011 Retained earnings, January 1 $1,669,125 $1,416,175 290,000 Net Income 358,800 Total $2,027,925 $1,706, 175 $6,300 Dividends: On preferred stock On common stock Total dividends $6,300 30,750 30,750 $37,050 $37,050 $1,990,875 Retained earnings, December 31 $1,669,125 Marshall Inc Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 2011 Cala 62147 295 *1974 Previous Check My Work 2 more Chick My Work uses remaining Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 2011 $2,147,295 $1,978,420 Sales 882,570 811,960 $1,264,725 Cost of goods sold Gross profit Selling expenses $395,830 $1,166,460 $489,700 287,600 $777,300 337,185 Administrative expenses $733,015 Total operating expenses Income from operations $531,710 $389,160 24,840 Other revenue 27,990 $559,700 152,000 $407,700 48,900 $414,000 84,000 Other expense (interest) Income before income tax $330,000 40,000 Income tax expense $358,800 $290,000 Net Income Marshall Inc. Comparative Balance Sheet Check My Work 2 more Check My Work uses remaining Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 2012 2011 Assets Current assets Cash $354,680 $331,330 Marketable securities 536,810 549,060 Accounts receivable (net) 416,100 394,200 Inventories 248,200 321,200 67,095 Prepaid expenses Total current assets Long-term Investments Property, plant, and equipment (net) $1,695,885 1,269,778 2,280,000 66,270 $1,589,060 234,706 2,052,000 Total assets $5,245,663 $3,875,766 Liabilities Current liabilities $584,788 $386,641 $850,000 Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities $0 1,050,000 1,050,000 $1,900,000 $1,050,000 Check My Work 2 more Check My Work uses remaining eBook Calculator Print Item Stockholders' Equity Preferred $0.70 stock, $40 par $360,000 $360,000 Common stock, $10 par 410,000 1,990,875 Retained earnings Total stockholders' equity 410,000 1,669,125 $2,439,125 $3,875,766 $2,760,875 $5,245,663 Total liabilities and stockholders' equity Required: Determine the following measures for 2072, 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 days 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity days 10. Times Interest earned 11. Asset turnover