Measures of liquidity, Solvency, and Profitability

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 63 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			$2,451,300		$2,086,200
Net income			539,600		427,300
Dividends:
	On preferred stock		(9,100)		(9,100)
	On common stock		(53,100)		(53,100)
Retained earnings, December 31			$2,928,700		$2,451,300

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$3,337,925		$3,075,350
Cost of merchandise sold	1,083,320		996,650
Gross profit	$2,254,605		$2,078,700
Selling expenses	$800,320		$956,390
Administrative expenses	681,745		561,690
Total operating expenses	$1,482,065		$1,518,080
Income from operations	$772,540		$560,620
Other revenue and expense:
Other revenue	40,660		35,780
Other expense (interest)	(200,000)		(110,400)
Income before income tax expense	$613,200		$486,000
Income tax expense	73,600		58,700
Net income	$539,600		$427,300

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			20Y2		20Y1
Assets
Current assets:
	Cash		$433,230		$577,330
	Marketable securities		655,690		956,720
	Accounts receivable (net)		584,000		547,500
	Inventories		438,000		335,800
	Prepaid expenses		81,960		115,470
		Total current assets	$2,192,880		$2,532,820
Long-term investments			2,326,780		1,169,793
Property, plant, and equipment (net)			2,750,000		2,475,000
Total assets			$7,269,660		$6,177,613
Liabilities
Current liabilities			$730,960		$1,236,313
Long-term liabilities:
	Mortgage note payable, 8%		$1,120,000		$0
	Bonds payable, 8%		1,380,000		1,380,000
		Total long-term liabilities	$2,500,000		$1,380,000
Total liabilities			$3,230,960		$2,616,313
Stockholders' Equity
Preferred $0.70 stock, $40 par			$520,000		$520,000
Common stock, $10 par			590,000		590,000
Retained earnings			2,928,700		2,451,300
Total stockholders' equity			$4,038,700		$3,561,300
Total liabilities and stockholders' equity			$7,269,660		$6,177,613

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.