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 stock Increase in retained earnings Retained earnings, December 31 2012 $3,704,000 20Y1 $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 20Y1 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Operating income Other revenue and expense: Other revenue. Other expense (interest) Income before income tax expense Income tax expense- Net income 2012 2011 $10,850,000 $10,000,000 (6,000,000) (5,450,000) $4,850,000 $4,550,000 $(2,170,000) $(2,000,000) (1,627,500) (1,500,000) $(3,797,500) $(3,500,000) $1,052,500 $1,050,000 99,500 20,000 (132,000) (120,000) $1,020,000 $950,000 (420,000) (400,000) $600,000 $550,000 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 201 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets: Cash $1,050,000 $950,000 Marketable securities 301,000 420,000 Accounts receivable (net) 585,000 500,000 Inventories 420,000 380,000 Prepaid expenses 108,000 20,000 Total current assets $2,464,000 $2,270,000 Long-term investments 800,000 800,000 Property, plant, and equipment (net) 5,760,000 5,184,000 Total assets $ 9,024,000 $8,254,000 Liabilities Current liabilities $880,000 $ 800,000 Long-term liabilities: Mortgage note payable, 6% $200,000 $0 Bonds payable, 4% 3,000,000 3,000,000 Total long-term liabilities Total liabilities Stockholders' Equity Preferred 4% stock, $5 par $3,200,000 $3,000,000 $4,080,000 $3,800,000 $250,000 $250,000 Common stock, $5 par Retained earnings Total stockholders' equity 500,000 500,000 4,194,000 3,704,000 $4,944,000 $4,454,000 $9,024,000 $8,254,000 Total liabilities and stockholders' equity Determine the following measures for 2012. Round to one decimal place, including percentag 1. Working Capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Days' sales in receivables days Mortgage note payable, 0% Bonds payable, 4% Total Jotal long-term ab $200,000 $0 3,000,000 3,000,000 $3,200,000 $3,000,000 $4.000.000 $3,800,000 Stockholders' Equity Preferred 4% stock, $5 Common stock, $5 par $250,000 $250,000 500,000 4,194,000 3,704,000 500,000 Total stockholders equity $4,944,000 $4,454,000 $9,024,000 $5,254,000 Rotal abilities and stockholders' equity Determine the following measures for 2012. Round to one decimal place, including percentages, except for per share amounts, which should be rounded to the nearest cent 1. Working Capital 2. Cumentatio 3. Quick ratio 4. Accounts receivable over 5. Dar sales in receivabl 6. Inventory turnover 7. Deys sales in inventory 8. Rate of ad assets to long-term listies 9. Rat of abilities to stockholders' e 10. Times infere earned 11. 12. Return on total assets 13. Ratum an stockholder equity 14. Return on common stockholders' equity 35. Earings per share common stock 16. Price earnings ratio 17. Dividends per share of common stuck 38. Dividend ple days