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, 2012 and 2011 Retained earnings, January 1 Net income Dividends On preferred stock On common stock Increase in retained earnings 2012 2011 $3,704,000 $3,264,000 $600,000 $550,000 (10,000) (10,000) (100,000) (100,000) $440,000 $490,000 $4,194,000 $3,704,000 Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 2011 Sales Cost of goods sold $10,850,000 $10,000,000 (6,000,000) (5,450,000) Gross prof Seling expenses Administrative expenses Tutal operating expenses Operating income Other revenue and expense $4,850,000 $4.550,000 $(2,170,000) $(2,000,000) (1,627,500) (1,500,000) $13,797,500) $3,500,000) $1,052,500 $1,050,000 Other revenue 99,500 30,000 Other expense (Interest) (132,000) (120,000) Income before income tax expense $1,020,000 $950,000 Income tax expense (420,000) (400,000) $600,000 $550,000 Marshall for Net income $600,000 $550,000 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 20Y1 2012 2011 Assets Current assets: Cash $1,050,000 $950,000 Marketable securities 301,000 420,000 Accounts receivable (net) 585,000 500,000 Inventories 420,000 380,000 Total assets Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Liabilities Current liabilities Long-term liabilities: Mortgage note payable, 6% Bonds payable, 4% Total long-term liabilities Total liabilities Preferred 4% stock, $5 par 108,000 20,000 $2,464,000 $2,270,000 800,000 5,760,000 800,000 5,184,000 $ 9,024,000 $8,254,000 $880,000 $800,000 $200,000 $0 3,000,000 3,000,000 $3,200,000 $3,000,000 $4,080,000 $3,800,000 Stockholders' Equity Common stock, $5 par Retained eamings Total stockholders' equity Total liabilities and stockholders' equity $250,000 500,000 4,194,000 $250,000 500,000 3,704,000 $4,944,000 $4,454,000 $9,024,000 $8,254,000 Determine the following measures for 2012. Round to one decimal place, including percentages, except for per-share amounts, which should be rounded to the nearest cent. 1. Working Capital sorders equity $9,024,000 $8.254.000 Determine the following measures for 2012. Round to one decimal place, including percentages, except for per-share amounts, which should be rounded to the nearest cent. 1. Working Capital 2. Current ratio 3. Quick rate 4 Accounts receivable bumover 5. Deys sales in receivables 6. Inventory turnover days 7. Days sales in inventory Ratio of fixed assets to long-term liabilities 5. Ratio of abbes to stockholders' equity 10. Times interest earned 11. At ver 12. Return on total assets 13. Return on stackhander equity 14 Return on common stockholders equity 15. Eamings per share on commen stack 1. Pre-samnings rat 17. Dividends per share of common stock days