Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 56 on December 31, 2012, Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 2011 Retained earnings, January 1 $2,850,550 $2,422,650 Net income Dividends: On preferred stock On common stock 607.200 496,200 (10,500) (10,500) (57,800) (57,800) Retained earnings, December 31 $3,389,450 $2,850,550 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 Sales 2012 20Y1 $3,638,320 $3,352,180 Cost of merchandise sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue and expense: Other revenue Other expense (interest) 1,267,280 1,165,900 $2,371,040 $2,186,280 $811,480 $970,400 691,260 569,910 $1,502,740 $1,540,310 $868,300 $645,970 45,700 (224,000) (123.200) 41,230 Income before income tax expense $690,000 $564,000 Income tax expense Net income 82,800 67,800 $607,200 $496,200 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 20Y1 2012 2011 Assets Current assets: Cash $670,140 $528,760 Marketable securities 1,014,270 876,240 Accounts receivable (net) 671,600 627,800 Inventories 511,000 394,200 Prepaid expenses Total current assets Long-term investments 126,782 105,750 $2,993,792 $2,532,750 2,051,218 620,696 Property, plant, and equipment (net) 3,360,000 3,024,000 Total assets $8,405,010 $6,177,446 Liabilities Current liabilities $935,560 $506,896 Long-term liabilities: Mortgage note payable, 8% $1,260,000 $0 Bonds payable, 8% 1,540,000 1,540,000 Total long-term liabilities $2,800,000 $1,540,000 Total liabilities: $3,735,560 $2,046,896 Stockholders' Equity Preferred $0.70 stock, $40 par $600,000 $600,000 Common stock, $10 par 680,000 680,000 Retained earnings 3,389,450 2,850,550 Total stockholders' equity $4,669,450 $4,130,550 Total liabilities and stockholders' equity $8,405,010 $6,177,446 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. 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 days 7. Number of days sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of abilities 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