Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 64 on December 31, 2012 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2011 2012 2011 Retained earnings, January 1 Net income $4,482,450 1,064,000 $5,546,450 $3,794,250 777,100 $4,571,350 Total $13,300 75,600 Dividends: On preferred stock On common stock Total dividends Retained carnings, December 31 $13,300 75,600 $88,900 $5,457,550 $88,900 54,482,450 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2011 2012 $5,866,280 2011 55.404.940 Sales Prev Check My Work Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Sales Cost of goods sold $5,866,280 2,053,490 Gross profit Selling expenses Administrative expenses $5,404,940 1,889,210 $3,515,730 $1,572,130 923,320 $2,495,450 $1,020,280 65,120 $1,085,400 Total operating expenses Income from operations $3,812,790 $1,249,860 1,064,690 $2,314,550 $1,498,240 78,860 $1,577,100 368,000 $1,209,100 145, 100 $1,064,000 Other revenue Other expense (interest) Income before income tax Income tax expense 202,400 $883,000 105,900 $277,100 Net income Marshall Inc. PE Check My Work eBook Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2041 20Y2 2011 Assets Current assets Cash Marketable Securities Accounts receivable (net) $897,520 1,358,410 1,080,400 803,000 169,794 $1,165,700 1,931,730 1,014,700 613,200 233,140 Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) $4,309,124 3,188,466 5,980,000 $13,477,590 $4,958,470 1,753,369 5,382,000 $12,093,839 Total assets Liabilities $1,390,040 $3,051.389 Current liabilities Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% $0 $2,070,000 2,530,000 2,530,000 Previous Check My Work > Ops 2021.pdf Letter for lustin Pa.pdf c VU II eBook TO Sets Liabilities $1,390,040 $3,051,389 Current liabilities Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities $0 $2,070,000 2,530,000 $4,600,000 $5,990,040 2,530,000 $2,530,000 $5,581,389 Total liabilities Stockholders' Equity Preferred $0.70 stock, $50 par Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $950,000 1,080,000 5,457,550 $7,487,550 $13,477,590 $950,000 1,080,000 4,482,450 $6,512,450 $12,093,839 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 four the requirement for subsequent requirement, if required. Assume 365 days a year 1. Working capital 2,919,084 2. Current ratio 3.1 3. Quick ratio 2.4 Check My Work ps 2021.pdf Letter for lustin Pa...pdf 5. Number of days' sales in receivables days 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities days