Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 60 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 20Y1 Retained earnings, January 1 Net income Total Dividends: On preferred stock On common stock Total dividends Retained earnings, December 31 20Y2 20Y1 $3,605,800 $3,033,600 817,600 621,400 $4,423,400 $3,655,000 $10,500 $10,500 38,700 38,700 $49,200 $4,374,200 $49,200 $3,605,800 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 20Y1 20Y2 20Y1 Sales Cost of goods sold $5,575,740 $5,137,180 1,947,640 1,791,830 Gross profit $3,628,100 $3,345,350 Selling expenses $1,277,350 $1,559,190 Administrative expenses 1,088,110 915,720 Total operating expenses $2,365,460 $2,474,910 Income from operations $1,262,640 $870,440 Other revenue 66,460 55,560 Other expense (interest) Income before income tax Income tax expense Net income Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses $1,329,100 $926,000 400,000 220,000 $929,100 $706,000 111,500 84,600 $817,600 $621,400 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Assets 20Y2 20Y1 $1,161,620 $725,470 1,758,130 1,202,220 1,007,400 949,000 759,200 584,000 219,772 145,090 $4,906,122 $3,605,780 2,160,698 238,804 5,500,000 4,950,000 $12,566,820 $8,794,584 Liabilities $1,582,620 $828,784 Total current assets Long-term investments Property, plant, and equipment (net) Total assets Current liabilities Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities $2,250,000 $0 2,750,000 $5,000,000 2,750,000 $2,750,000 Total liabilities $6,582,620 $3,578,784 Stockholders' Equity Preferred $0.70 stock, $50 par $750,000 $750,000 Common stock, $10 par 860,000 860,000 Retained earnings 4,374,200 3,605,800 Total stockholders' equity Total liabilities and stockholders' equity Required: $5,984,200 $12,566,820 $5,215,800 $8,794,584 Determine the following measures for 2012, 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. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 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 days days % % % D 17. Dividends per share of common stock 18. Dividend yield %