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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 $

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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 $ 59 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 Net income Total Dividends: $2,711,300 638,400 $3,349,700 2,3b1,000 471,300 $2,772,300 On preferred stock On common stock Total dividends $9,800 51,200 61,000 $3,288,700 9,800 51,200 61,000 $2,711,300 Retained earnings, December 31 Marshall Inc Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales Cost of goods sold Gross profit $4,307,000 s 3,968,300 1,390,210 $ 2,578,090 1,511,100 $ 2,795,900

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