Measures of liquidity, Solvency, and Profitability

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 54 on December 31, 20Y2.

Marshall Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 20Y2 and 20Y1
			20Y2		20Y1
Retained earnings, January 1			$1,651,000		$1,401,200
Net income			395,200		287,000
Dividends:
	On preferred stock		(12,600)		(12,600)
	On common stock		(24,600)		(24,600)
Retained earnings, December 31			$2,009,000		$1,651,000

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$2,309,720		$2,128,090
Cost of merchandise sold	825,630		759,580
Gross profit	$1,484,090		$1,368,510
Selling expenses	$493,050		$619,360
Administrative expenses	420,000		363,750
Total operating expenses	$913,050		$983,110
Income from operations	$571,040		$385,400
Other revenue and expense:
Other revenue	30,060		24,600
Other expense (interest)	(152,000)		(84,000)
Income before income tax expense	$449,100		$326,000
Income tax expense	53,900		39,000
Net income	$395,200		$287,000

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			20Y2		20Y1
Assets
Current assets:
	Cash		$413,960		$442,610
	Marketable securities		626,530		733,460
	Accounts receivable (net)		423,400		401,500
	Inventories		321,200		248,200
	Prepaid expenses		78,320		88,520
		Total current assets	$1,863,410		$1,914,290
Long-term investments			1,136,690		702,701
Property, plant, and equipment (net)			2,280,000		2,052,000
Total assets			$5,280,100		$4,668,991
Liabilities
Current liabilities			$601,100		$1,197,991
Long-term liabilities:
	Mortgage note payable, 8%		$850,000		$0
	Bonds payable, 8%		1,050,000		1,050,000
		Total long-term liabilities	$1,900,000		$1,050,000
Total liabilities			$2,501,100		$2,247,991
Stockholders' Equity
Preferred $0.70 stock, $20 par			$360,000		$360,000
Common stock, $10 par			410,000		410,000
Retained earnings			2,009,000		1,651,000
Total stockholders' equity			$2,779,000		$2,421,000
Total liabilities and stockholders' equity			$5,280,100		$4,668,991

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.

8. Ratio of fixed assets to long-term liabilities	fill in the blank 8
9. Ratio of liabilities to stockholders' equity	fill in the blank 9
10. Times interest earned	fill in the blank 10
11. Asset turnover	fill in the blank 11
12. Return on total assets	fill in the blank 12	%
13. Return on stockholders equity	fill in the blank 13	%
14. Return on common stockholders equity	fill in the blank 14	%
15. Earnings per share on common stock	$fill in the blank 15
16. Price-earnings ratio	fill in the blank 16
17. Dividends per share of common stock	$fill in the blank 17
18. Dividend yield	fill in the blank 18	%