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\mathrm{.}60$ on December $31,20$Y$2.$ Determine the following measures for $20$Y$2.$ Round to one decimal place, including percentages, except for per$-$share amounts, which should be rounded to the nearest cent.

$1.$ Subtract current liabilities from current assets.

$2.$ Divide current assets by current liabilities.

$3.$ Divide quick assets by current liabilities. Quick assets are cash, temporary investments, and receivables.

$4.$ Divide sales by average accounts receivable. Average Accounts receivable $=($Beginning Net Accounts Receivable $+$ Ending Net Accounts Receivable$)-$: $2.$

$5.$ Divide average accounts receivable by average daily sales. Average Accounts receivable $=($Beginning Net Accounts Receivable $+$ Ending Net Accounts Receivable$)-$: $2.$ Average daily sales are sales divided by $365$ days.

$6.$ Divide cost of goods sold by average inventory. Average Inventory $=($Beginning Inventories $+$ Ending Inventories$)-$: $2.$

$7.$ Divide average inventory by average daily cost of goods sold. Average Inventory $=($Beginning Inventories $+$ Ending Inventories$)-$: $2.$ Average daily cost of goods sold is cost of goods sold divided by $365$ days.

$8.$ Divide property, plant, and equipment $($net$)$ by long$-$term liabilities.

$9.$ Divide total liabilities by total stockholders' equity.

$10.$ Divide the sum of income before income tax expense and interest expense by interest expense.

$11.$ Divide sales by average total assets, excluding long$-$term investments. Average total assets $=($Beginning total assets $+$ Ending total assets$)-$: $2.$

$12.$ Divide the sum of net income and interest expense by average total assets. Average total assets $=($Beginning total assets $+$ Ending total assets$)-$: $2.$

$13.$ Divide net income by average total stockholders' equity. Average total stockholders' equity $=($Beginning total stockholders' equity $+$ Ending total stockholders' equity$)-$: $2.$

$14.$ Divide net income minus preferred dividends from the retained earnings statement by average common stockholders' equity. Common stockholders' equity $=$ Common stock $+$ Retained earnings. Average common stockholders' equity $=($Beginning common stockholders' equity $+$ Ending common stockholders' equity$)-$: $2.$

$15.$ Divide net income minus preferred dividends from the retained earnings statement by common shares outstanding $($common stock $-$: par value$).$

$16.$ Divide common market share price by common earnings per share $($use answer from requirement $15).$

$17.$ Divide common dividends $($from Retained Earnings Statement$)$ by common shares outstanding $($common stock $-$: par value$).$

$18.$ Divide common dividends per share $($use answer from requirement $17)$ by market share price.