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 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 Retained earnings, December 31 20Y2 20Y1 $1,695,575 $1,441,525 390,000 295,200 (11,900) (11,900) (29,250) (29,250) $2,044,425 $1,695,575 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 20Y1 20Y2 20Y1 Sales $2,187,080 $2,015,090 Cost of merchandise sold Gross profit 837,310 770,330 $1,349,770 $1,244,760 Selling expenses Administrative expenses Total operating expenses $431,750 $541,280 367,780 317,890 $799,530 $859,170 Income from operations $550,240 $385,590 Other revenue and expense: Other revenue 28,960 24,610 Other exnense (interest) (136.000) (75.200) Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 20Y1 20Y2 20Y1 Sales $2,187,080 $2,015,090 Cost of merchandise sold 837,310 770,330 Gross profit Selling expenses Administrative expenses $1,349,770 $1,244,760 $431,750 $541,280 367,780 317,890 Total operating expenses $799,530 $859,170 Income from operations $550,240 $385,590 Other revenue and expense: Other revenue 28,960 24,610 Other expense (interest) (136,000) (75,200) Income before income tax expense $443,200 $335,000 Income tax expense 53,200 39,800 Net income $390,000 $295,200 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 20Y1 Assets Current assets: Cash 20Y2 20Y1 $314,690 $404,690 Current assets: Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses Comparative Balance Sheet December 31, 2012 and 20Y1 Assets 20Y2 20Y1 $314,690 $404,690 476,290 670,640 401,500 379,600 306,600 233,600 59,540 80,940 $1,558,620 $1,769,470 1,225,345 557,300 2,210,000 1,989,000 $4,993,965 $4,315,770 Liabilities $519,540 $950,195 Total current assets Long-term investments 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 $760,000 $0 940,000 940,000 $1,700,000 $940,000 $2,219,540 $1,890,195 Stockholders' Equity Preferred $0.70 stock, $20 par $340,000 $340,000 Common stock, $10 par 390,000 390,000 Retained earnings 2,044,425 1,695,575 Total stockholders' equity $2,774,425 $2,425,575 Total liabilities and stockholders' equity $4,993,965 $4,315,770 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 days 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 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 days % % % %