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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 $ 53 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $3,615,100 $3,062,100 Net income 784,000 627,200 Total $4,399,100 $3,689,300 Dividends: On preferred stock $13,300 $13,300 On common stock 60,900 60,900 Total dividends $74,200 $74,200 Retained earnings, December 31 $4,324,900 $3,615, 100Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $4,971,300 $4,580,340 Cost of goods sold 1,651,260 1,519,160 Gross profit $3,320,040 $3,061,180 Selling expenses $1, 188,050 $1,412,500 Administrative expenses 1,012,040 829,560 Total operating expenses $2,200,090 $2,242,060 Income from operations $1,119,950 $819,120 Other revenue 58,950 52,280 $1,178,900 $871,400 Other expense (interest) 288,000 158,400 Income before income tax $890,900 $713,000 Income tax expense 106,900 85,800 Net income $784,000 $627,200Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets Cash $824,380 $754,060 Marketable securities 1,247,700 1,249,590 Accounts receivable (net) 854,100 803,000 Inventories 642,400 496,400 Prepaid expenses 155,964 150,810 Total current assets $3,724,544 $3,453,860 Long-term investments 2,314,276 758,177 Property, plant, and equipment (net) 4,680,000 4,212,000 Total assets $10,718,820 $8,424,037Liabilities Current liabilities $1,163,920 $1,198,937 Long-term liabilities: Mortgage note payable, 8% $1,620,000 $0 Bonds payable, 8% 1,980,000 1,980,000 Total long-term liabilities $3,600,000 $1,980,000 Total liabilities $4,763,920 $3,178,937 Stockholders' Equity Preferred $0.70 stock, $40 par $760,000 $760,000 Common stock, $10 par 870,000 870,000 Retained earnings 4,324,900 3,615, 100 Total stockholders' equity $5,954,900 $5,245,100 Total liabilities and stockholders' equity $10,718,820 $8,424,037Determine 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 2,560,624 2. Current ratio 3.2 3. Quick ratio 2.5 4. Accounts receivable turnover X 5. Number of days' sales in receivables X days 6. Inventory turnover X 7. Number of days' sales in inventory X days 8. Ratio of fixed assets to long-term liabilities 1.3 9. Ratio of liabilities to stockholders' equity 0.8 10. Times interest earned 4.1 11. Asset turnover 0.5J.O 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 %

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