Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 70 on December 31, 2012. 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 2012 20Y1 $3,872,900 $3,269,100 900,000 669,600 (11,200) (11,200) On common stock (54,600) (54,600) Retained earnings, December 31 $4,707,100 $3,872,900 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $5,694,000 $5,246,190 Cost of merchandise sold 1,819,160 1,673,630 Gross profit $3,874,840 $3,572,560 Selling expenses $1,387,200 $1,685,400 Administrative expenses 1,181,680 989,840 Total operating expenses $2,568,880 $2,675,240 Income from operations $1,305,960 $897,320 Other revenue and expense: Other revenue 68,740 57,280 Other expense (interest) (352,000) (193,600) Income before income tax expense $1,022,700 $761,000 Income tax expense 122,700 91,400 Net income $900,000 $669,600. Assets Current assets: Cash Marketable securities Accounts receivable (net). Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets Current liabilities Long-term liabilities: $843,760 $881,120 1,277,040 1,460,150 978,200 919,800 730,000 569,400 159,631 176,220 $3,988,631 $4,006,690 2,483,859 617,732 5,720,000 5,148,000 $12,192,490 $9,772,422 Liabilities $1,375,390 $1,769,522 Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities $1,980,000 $0 2,420,000 2,420,000 $4,400,000 $2,420,000 $5,775,390 $4,189,522 Stockholders' Equity Preferred $0.70 stock, $50 par $800,000 $800,000 Common stock, $10 par 910,000 910,000 Retained earnings 4,707,100 3,872,900 Total stockholders' equity $6,417,100 $5,582,900 Total liabilities and stockholders' equity $12,192,490 $9,772,422 Total liabilities and stockholders' equity Required: $12,192,490 $9,772,422 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 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 % % %