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 20Y1 Retained earnings, January 1 Net income Total Dividends: 2012 20Y1 $3,371,7001 $2.866,400 738,400 587,100 $4,110,100 $3,453,500 On preferred stock $9,800 $9,800 On common stock 72,000 72,000 Total dividends $81,800 $81,800 Retained earnings, December 31 $4,028,300 $3,371,700 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $4,312,840 $3,973,590 Cost of goods sold 1,492,120 1,372,750 Gross profit $2,820,720 $2,600,840 Selling expenses $953,200 $1,154,940 Administrative expenses 811,980 678,300 Total operating expenses $1,765,180 $1,833,240 Income from operations $1,055,540 $767,600 Other revenue 55,560 49,000 $1,111,100 $816,600 Other expense (interest) 272,000 149,600 Income before income tax $839,100 $667,000 Income tax expense 100,700 79,900 Net income $738,400 $587,100 Current assets Cash Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Assets Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets Current liabilities Long-term liabilities: Mortgage note payable, 8% Dande nousha 00% 20Y2 20Y1 $581,400 $784,140 879,960 1,299,420 795,700 744,600 598,600 467,200 109,996 156,830 $2,965,656 $3,452,190 2,905,284 1,295,779 4,080,000 3,672,000 $9,950,940 $8,419,969 Liabilities $1,022,640 $1,678,269 $1,530,000 $0 Prepaid expenses Total current assets Long-term investments. Property, plant, and equipment (net) Total assets Current liabilities Long-term liabilities: 109,996 156,830 $2,965,656 $3,452,190 2,905,284 1,295,779 4,080,000 3,672,000 $9,950,940 $8,419,969 Liabilities $1,022,640 $1,678,269 Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities < Total liabilities $1,530,000 $0 1,870,000 1,870,000 $3,400,000 $1,870,000 $4,422,640 $3,548,269 Stockholders' Equity Preferred $0.70 stock, $50 par $700,000 $700,000 Common stock, $10 par 800,000 800,000 Retained earnings 4,028,300 3,371,700 Total stockholders' equity $5,528,300 $4,871,700 Total liabilities and stockholders' equity $9,950,940 $8,419,969 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. Working capital 2. Current ratio 3. Quick ratio 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 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 days days) 2. Current ratio 3. Quick ratio 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 9. Ratio of liabilities to stockholders' equity 10. Times interest earned days days 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-eamings ratio 17. Dividends per share of common stock 18. Dividend yield % % %