Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 65 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 20Y1 Retained earnings, January 1 $1,941,300 $1,640,000 Net income 432,000 335,900 Total $2,373,300 $1,975,900 $7,000 $7,000 Dividends: On preferred stock On common stock Total dividends 27,600 27,600 $34,600 $34,600 $2,338,700 Retained earnings, December 31 $1,941,300 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 20Y 2011 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2012 $2,609,750 931,480 20Y1 Sales Cost of goods sold Gross profit $2,404,520 856,960 $1,678,270 $1,547,560 $564,150 $691,420 Selling expenses Administrative expenses 480,570 406,070 Total operating expenses $1,044,720 $1,097,490 Income from operations $633,550 $450,070 Other revenue 33,350 28,730 $666,900 $478,800 Other expense (interest) 176,000 96,800 Income before income tax $490,900 $382,000 46,100 Income tax expense 58,900 Net income $432,000 $335,900 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 2012 20Y1 Assets Current assets Cash $512,830 $441,850 776,180 732,220 Marketable securities Accounts receivable (net) Inventories 489,100 365,000 459,900 277,400 Prepaid expenses 97,029 88,370 $1,999,740 Total current assets Long-term investments Property, plant, and equipment (net) Total assets $2,240,139 1,417,391 2,420,000 $6,077,530 699,685 2,178,000 $4,877,425 Liabilities Current liabilities $678,830 $866,125 Long-term liabilities: Mortgage note payable, 8% $990,000 $0 Bonds payable, 8% 1,210,000 1,210,000 Long-term investments 1,417,391 699,685 Property, plant, and equipment (net) 2,420,000 2,178,000 Total assets $6,077,530 $4,877,425 Liabilities Current liabilities $678,830 $866,125 Long-term liabilities: Mortgage note payable, 8% $990,000 Bonds payable, 8% 1,210,000 1,210,000 Total long-term liabilities $1,210,000 $2,200,000 $2,878,830 Total liabilities $2,076,125 Stockholders' Equity Preferred $0.70 stock, $40 par Common stock, $10 par $400,000 $400,000 460,000 460,000 Retained earnings 2,338,700 1,941,300 Total stockholders' equity $2,801,300 $3,198,700 $6,077,530 Total liabilities and stockholders' equity $4,877,425 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. Workina capital 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