Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $67 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 Dividends: On preferred stock On common stock Retained earnings, December 31 Sales 20Y2 20Y1 $2,532,450 $2,129,250 608,000 436,100 (7,700) (7,700) (25,200) (25,200) $3,107,550 $2,532,450 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 20Y1 Cost of merchandise sold Gross profit Selling expenses Administrative expenses 20Y2 20Y1 $3,788,700 $3,490,690 1,312,540 1,207,540 $2,476,160 $2,283,150 $863,680 $1,068,850 735,730 627,740 $1,599,410 $1,696,590 $876,750 $586,560 Total operating expenses Income from operations Other revenue and expense: Other revenue 46,150 37,440 Other expense (interest) (232,000) (128,000) Income before income tax expense $690,900 $496,000 Income tax expense 82,900 59,900 Net income $608,000 $436,100 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Assets Current assets: Cash 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: 20Y2 20Y1 $645,610 $603,370 977,140 999,860 649,700 613,200 481,800 365,000 122,135 120,670 $2,876,385 $2,702,100 1,789,960 756,397 3,480,000 3,132,000 $8,146,345 $6,590,497 Liabilities $958,795 $1,278,047 Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities $1,300,000 $0 1,600,000 1,600,000 $2,900,000 $1,600,000 $3,858,795 $2,878,047 Stockholders' Equity Preferred $0.70 stock, $50 par $550,000 $550,000 Common stock, $10 par 630,000 630,000 Retained earnings 3,107,550 2,532,450 Total stockholders' equity $4,287,550 $3,712,450 Total liabilities and stockholders' equity $8,146,345 $6,590,497 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 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield days days % % %