Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 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 $3,704,000 $3,264,000 Net Income $ 600,000 $ 550,000 Dividends: On preferred stock (10,000) (10,000) On common stock (100,000) (100,000) Increase in retained earnings $ 490,000 $ 440,000 Retained earnings, December 31 $4,194,000 $3,704,000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 20Y2 20Y1 Sales $ 10,850,000 $10,000,000 Cost of goods sold (6,000,000) (5,450,000) Gross profit $ 4,850,000 $ 4,550,000 Selling expenses $ (2,170,000) $ (2,000,000) (1,627,500) $(3,797,500) $ 1,052,500 (1,500,000) $ (3,500,000) $ 1,050,000 Administrative expenses Total operating expenses Operating income Other revenue and expense: Other revenue Other expense interest) Income before income tax expense Income tax expense Net income 99,500 (132,000) $ 1,020,000 (420,000) $ 600,000 20,000 (120,000) $ 950,000 (400,000) $ 550,000 20Y1 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 Assets Current assets: Cash $1,050,000 Marketable securities 301,000 Accounts receivable (net) 585,000 Inventories 420,000 Prepaid expenses 108,000 Total current assets $ 2,464,000 Long-term investments 800,000 Property, plant, and equipment (net) 5,760,000 $ 950,000 420,000 500,000 380,000 20,000 $2,270,000 800,000 5,184,000 5,760,000 $ 9,024,000 5,184,000 $8,254,000 $ 880,000 $ 800,000 Property, plant, and equipment (net) Total assets Liabilities Current liabilities Long-term liabilities: Mortgage note payable, 6% Bonds payable, 4% Total long-term liabilities Total liabilities Stockholders' Equity Preferred 4% stock, $5 par Common stock, $5 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 200,000 3,000,000 $ 3,200,000 $ 4,080,000 $ 0 3,000,000 $3,000,000 $3,800,000 $ 250,000 500,000 4,194,000 $ 4,944,000 $ 9,024,000 $ 250,000 500,000 3,704,000 $4,454,000 $8,254,000 Determine the following measures for 20Y2. Round to one decimal place, including percentages except for per-share amounts, which should be rounded to the nearest cent. Question 1 Find: Working Capital Current Ratio Quick Ratio Accounts receivable turn over Number of days sales in receivables Inventory turnover Number of days sales in inventory Ratio of fixed assets to long-term liabilities Ratio of liabilities to stockholder's equity Times interest earned Asset turnover Return on total assets Return on stockholders' equity Return on common stockholders' equity Price earnings-ratio Dividends per share of common stock Dividend yield