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, 2012. 2011 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2042 Retained earnings, January 1 $1,573,400 Net income 331,200 Total $1,904,600 Dividends: On preferred stock $5,600 On common stock 32,400 Total dividends $38,000 Retained earnings, December 31 $1,866,600 $1,337,500 273,900 $1,611,400 $5,600 32,400 $38,000 $1,573,400 Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 Sales $2,124,300 744,600 $1,379,700 Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue $490,380 417,740 $908,120 $471,580 24,820 $496,400 120,000 20Y1 $1,957,200 685,030 $1,272,170 $577,970 339,440 $917,410 $354,760 22,640 $377,400 66,400 Other expense (interest) Income before income tax Income tax expense $376,400 45,200 $331,200 $311,000 37,100 $273,900 Net income Comparative Balance Sheet December 31, 2012 and 2041 2012 20Y1 Assets Current assets Ch $281,390 Marketable securities Accounts receivable (net) Inventories $338,810 512,800 365,000 277,400 64,102 $1,558,112 1,075,768 1,950,000 Prepaid expenses 466,310 343,100 219,000 56,280 $1,366,080 210,829 1,755,000 Total current assets Long-term investments Property, plant, and equipment (net) Total assets $4,583,880 $3,331.909 Liabilities Current liabilities $537,200 $248,509 Long-term liabilities: $670,000 50 Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities 830,000 $1,500,000 830,000 $830,000 $1,078,509 Total liabilities $2,037,280 $320,000 Stockholders' Equity Preferred $0.70 stock, $40 par Common stock, $10 par Retained earnings Total stockholders' equity $320,000 360,000 1,866,500 $2,546,600 $4,583,880 1,573,400 $2,253,400 $3,331,909 Total liabilities and stockholders' equity Required: 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. $ 1,020,832 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 60.8 days 5. Number of days' sales in receivables 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