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Measures of liquidity, Solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $59

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Measures of liquidity, Solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $59 on December 31, 2012 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2011 2012 $1,423,650 Retained earnings, January 1 $1,207,250 Net income 303,600 247,300 Total $1,727,250 $1,454,550 Dividends: On preferred stock On common stock Total dividends Retained earnings, December 31 $10,500 20,400 $30,900 $1,696,350 $10,500 20,400 $30,900 $1,423,650 eBook Calculator E Print Item $10,500 $10,500 On preferred stock On common stock 20,400 20,400 Total dividends $30,900 $1,696,350 $30,900 $1,423,650 Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 20Y2 2011 Sales Cost of goods sold Gross profit Selling expenses $1,976,475 700,800 $1,275,675 $1,820,980 644,740 $1,176,240 $532,930 312,990 $446,220 380,105 Administrative expenses Total operating expenses $826,325 Income from operations $449,350 23,650 $845,920 $330,320 21,080 Other revenue $473,000 128,000 Other expense interest) Income before income tax Income tax expense $351,400 70,400 $281,000 33,700 $345,000 41,400 Net income $303,600 $247,300 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 2012 2011 Assets Current assets Cash $384,230 $289,860 Marketable securities 581,540 480,350 Accounts receivable (net) 357,700 335,800 Inventories 204,400 262,800 72,690 57,970 $1,658,960 Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets $1,368,380 241,132 860,105 1,728,000 1,920,000 $4,439,065 $3,337,512 Liabilities $502,715 $393,862 $720,000 880,000 Current liabilities Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.70 stock, $20 par Common stock, $10 par $1,600,000 $2,102,715 880,000 $880,000 $1,273,862 $300,000 340,000 Retained earnings 1,696,350 $300,000 340,000 1,423,650 $2,063,650 $3,337,512 Total stockholders' equity $2,336,350 Total liabilities and stockholders' equity $4,439,065 Required: 5. Number of days' sales in receivables days days 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 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

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