Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 58 December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 Retained earnings, January 1 Net income Dividends: On preferred stock 20Y2 20Y1 $1,570,200 $1,333,500 336,000 273,100 (11,200) (11,200) On common stock (25,200) (25,200) Retained earnings, December 31 $1,869,800 $1,570,200 Sales Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 20Y1 Cost of merchandise sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue and expense: Other revenue 20Y2 20Y1 $1,841,060 $1,696,210 719,780 662,200 $1,121,280 $1,034,010 $343,960 $426,150 293,010 250,280 $636,970 $676,430 $484,310 $357,580 25,490 22,820 Other expense (interest) (128,000) (70,400) Income before income tax expense $381,800 $310,000 Income tax expense 45,800 36,900 Net income $336,000 $273,100 Current assets: Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Marshall Inc. Comparative Balance Sheet December 31, 2012 and 20Y1 Assets 20Y2 20Y1 $299,360 $344,370 453,080 570,660 365,000 343,100 277,400 219,000 56,632 68,870 $1,451,472 $1,546,000 1,218,168 496,720 1,920,000 1,728,000 $4,589,640 $3,770,720 Liabilities $439,840 $640,520 Property, plant, and equipment (net) Total assets Current liabilities Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities $720,000 $0 880,000 880,000 $1,600,000 $880,000 $2,039,840 $1,520,520 Stockholders' Equity Preferred $0.70 stock, $20 par $320,000 $320,000 Common stock, $10 par 360,000 360,000 Retained earnings 1,869,800 1,570,200 Total stockholders' equity $2,549,800 $2,250,200 Total liabilities and stockholders' equity $4,589,640 $3,770,720 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. 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 days days 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 % % % % Next