Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 53 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 $ 2,839,050 633,600) $ 3,472,650 20Y1 $ 2,415,950 On preferred stocki On common stock Total dividends Retained earnings, December 31 $10,500 61,200 $ 71,700 $3,400,950 494,800 $2,910,750 $10,500 61,200 $ 71,700 $2,839,050 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 2012 $ 4,522,350 1,606,730 $ 2,915,620 $1,045,020 20Y1 $ 4,166,700 1,478,190 $ 2,688,510 $ 1,259,090 739,460 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other income Other expense (interest) Income before income tax Income tax expense Net income Maschall Inc. 890,200 1,935,220 1,998,550 $980,400 $689,960 51,600 44,040 $ 1,032,000 312,000 $720,000 86,400 $ 633,600 $ 734,000 172,000 $562,000 67,200 $ 494,800 Current assets Cashi 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 Dec. 31, 2012 Dec. 31, 20Y1 $ 924,870 $ 593,470 1,399,800 983,480 788,400 744,600 584,000 452,600 174,970 118,690 $ 3,872,040 $ 2,892,840 1,667,955 4,290,000 301,879 3,861,000 $ 7,055,719 $9,829,995 Liabilities Current liabilities Long-term liabilities Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities Liabilities $1,249,045 $ 786,669 $ 1,750,000 2,150,000 $ 3,900,000 $5,149,045 $0 2,150,000 $2,150,000 $ 2,936,669 Stockholders' Equity Preferred $ 0.70 stock, $ 40 par $ 600,000 Common stock, $ 10 par Retained earnings 680,000 3,400,950 $600,000 680,000 2,839,050 $ 4,119,050 Total stockholders' equity $ 4,680,950 Total liabilities and stockholders' equity $ 9,829,995 $ 7,055,719 Required: 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, 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 days 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 days % 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 ratin % % Previous 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 % % % do do do %