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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 $

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, 20Y2.

Marshall Inc.

Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $ 1,270,200 $ 1,170,270
Cost of goods sold 429,970 395,570
Gross profit $ 840,230 $ 774,700
Selling expenses $ 294,390 $ 362,510
Administrative expenses 250,770 212,910
Total operating expenses $545,160 $575,420
Income from operations $ 295,070 $ 199,280
Other revenue 15,530 12,720
$ 310,600 $ 212,000
Other expense (interest) 72,000 40,000
Income before income tax $ 238,600 $ 172,000
Income tax expense 28,600 20,800
Net income $ 210,000 $ 151,200

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 20Y1
Assets
Current assets
Cash $ 189,800 $ 236,690
Marketable securities 287,260 392,240
Accounts receivable (net) 219,000 204,400
Inventories 160,600 116,800
Prepaid expenses 35,900 47,340
Total current assets $ 892,560 $ 997,470
Long-term investments 631,860 382,383
Property, plant, and equipment (net) 1,170,000 1,053,000
Total assets $ 2,694,420 $ 2,432,853
Liabilities
Current liabilities $ 297,520 $ 629,753
Long-term liabilities:
Mortgage note payable, 8% $ 400,000 $ 0
Bonds payable, 8% 500,000 500,000
Total long-term liabilities $ 900,000 $ 500,000
Total liabilities $ 1,197,520 $ 1,129,753
Stockholders' Equity
Preferred $0.70 stock, $20 par $ 200,000 $ 200,000
Common stock, $10 par 230,000 230,000
Retained earnings 1,066,900 873,100
Total stockholders' equity $ 1,496,900 $ 1,303,100
Total liabilities and stockholders' equity $ 2,694,420 $ 2,432,853

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 days
6. Inventory turnover
7. Number of days' sales in inventory days
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
17. Dividends per share of common stock $
18. Dividend yield %

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