Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 55 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 20Y2 2011 Retained earnings, January 1 $1,565,100 $1,324,800 340,800 271,300 Total $1,905,900 $1,596,100 Net Income Dividends: On preferred stock On common stock $11,200 $11,200 19,800 Total dividends 19,800 $31,000 Retained earnings, December 31 $31,000 $1,565,100 $1,874,900 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 $2,142,915 740,950 $1,401,965 2011 Sales Cost of goods sold Gross profit $1,974,340 681,670 $1,292,670 Selling expenses Administrative expenses. Total operating expenses Income from operations Other revenue $488,610 416,225 $904,835 $587,450 345,010 $497,130 $932,460 $360,210 22,990 26,170 $523,300 136,000 Other expense (interest) Income before income tax Income tax expense $387,300 46,500 $340,800 $383,200 75,200 $308,000 36,700 $271,300 Net income Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2041 2012 2011 Assets Current assets $310,000 Cash Marketable securities Accounts receivable (net) Inventories $414,150 626,820 386,900 513,700 365,000 219,000 62,000 Prepaid expenses Total current assets 292,000 78,360 $1,798,230 $1,469,700 Long-term investments 1,186,080 431,928 Property, plant, and equipment (net) 1,870,000 1,683,000 Total assets $4,854,310 $3,584,628 Liabilities $599,410 $399,528 $0 $760,000 940,000 $1,700,000 $2,299,410 940,000 $940,000 $1,339,528 Current liabilities Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.70 stock, $20 par Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $320,000 360,000 1,874,900 $2,554,900 $320,000 360,000 1,565,100 $2,245,100 $3,584,628 $4,854,310 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 required. Assume 365 days a year. 1. Working capital 2. Current ratio 3. Quick ratio days 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities days 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 9