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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
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 20Y1 Retained earnings, January 1 Net income Dividends: On preferred stock On common stocki Increase in retained earnings Retained earnings, December 31 2012 $3,704,000 2011 $3,264,000 $600,000 $550,000 (10,000) (10,000) (100,000) (100,000) $490,000 $440,000 $4,194,000 $3,704,000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 Sales Cost of goods sold Gross profit Selling expenses un expenses 2012 $ 10,850,000 (6,000,000) $ 4,850,000 $(2,170,000) (1,627,500) $(3.797,500) $1,052,500 2011 $10,000,000 (5,450,000) $4,550,000 $ (2,000,000) (1,500,000) $(3,500,000) $1,050,000 20,000
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