Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 63 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 2012 Retained earnings, January 1 Net income $2,461,325 570,000 $3,031,325 2011 $2,069,975 424,000 $2,493,975 Total Dividends: $7,000 On preferred stock On common stock $7,000 25,650 25,650 Total dividends $32,650 $32,650 Retained earnings, December 31 $2,998,675 $2,461,325 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 20Y1 2012 20Y1 Sales $3,587,220 $3,305,040 Cost of goods sold 1,249,180 1,357,800 $2,229,420 Gross profit $2,055,860 $921,160 $732,080 623,630 541,000 Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue $1,355,710 $873,710 45,990 $1,462,160 $593,700 37,900 Other expense (interest) Income before income tax $919,700 272,000 $647,700 $631,600 149,600 $482,000 Income tax expense 77,700 $570,000 58,000 $424,000 Net income Marshall Inc. Comparative Balance Sheet December 31, 2012 and 20Y1 Assets $790,680 $607,950 Current assets Cash Marketable securities Accounts receivable (net) 1,196,710 686,200 1,007,460 642,400 394,200 121,590 Inventories 511,000 149,593 Prepaid expenses Total current assets $3,334,183 $2,773,600 Long-term investments 1,470,035 625,273 Property, plant, and equipment (net) 3,740,000 3,366,000 $6,764,873 Total assets $8,544,218 Liabilities Current liabilities $1,075,543 $1,363,548 Long-term liabilities: Mortgage note payable, 8% $0 Bonds payable, 8% 1,870,000 $1,530,000 1,870,000 $3,400,000 $4,475,543 $1,870,000 $3,233,548 Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.70 stock, $50 par Common stock, $10 par Retained earnings Total stockholders' equity $500,000 570,000 2,998,675 $500,000 570,000 2,461,325 $3,531,325 $6,764,873 $4,068,675 Total liabilities and stockholders' equity $8,544,218 Determine the following measures for 2012, reunding to one decimal place, except for dollar amounts, which shoul required. Assume 365 days a year 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receable turnover 5. Number of days sales in receivables 6. Inventory turnover days 7. Number of days' sales in invertory 8. Ratio or assets to long-term abilities 9. R of es to stockholders' equity 10. Tieret med 11. A turnover 12. Return on total assets 13. Return on stockholders'uty 14. Return on common stockholders' equity 15. Earnings per share on common stock 16. Price-camningsro 17. Dividends per share of common stock 18. Did yield
