Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was 564 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 $4,482,450 $3,794,250 Net income 1,064,000 777,100 Total $5,546,450 $4,571,350 Dividends: On preferred stock $13,300 $13,300 On common stock 75,600 75,600 Total dividends $88,900 $88,900 Retained earnings, December 31 $5,457.550 $4,482,450 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 $5,866,280 2011 Sales $5,404,940 Previous Check My Work All work saved Email Instructor Save and East Submit Assignment O Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 2011 Sales $5,404,940 Cost of goods sold Gross profit Selling expenses Administrative expenses $5,866,280 2,053,490 $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 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 Other revenue Other expense (interest) Income before income tax 202,400 $883,000 Income tax expense 105,900 $777,100 Net income Marshall Inc. Camarate Balance Sheet Check My Work Eman instructor Save and All work saved o 1 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2011 2012 2011 Assets Current assets Cash $897,520 1,358,410 Marketable securities $1,165,700 1,931,730 1,014,700 613,200 Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) 1,080,400 803,000 169,794 $4,309,124 3,188,466 5,980,000 $13,477,590 233,140 $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% Total long-term liabilities $2,070,000 2,530,000 $4,600,000 $0 2,530,000 $2,530,000 Check My Work Emain sand All work saved o c Bonds payable, 8% 2,530,000 2,530,000 Total long-term liabilities $4,600,000 $2,530,000 Total liabilities $5,990,040 $5,581,389 Stockholders' Equity Pel 0.70 stock, $50 par $950,000 $950,000 Common stock, $10 par 1,080,000 1,080,000 Retained earnings 5,457,550 4,482,450 Total stockholders' equity $7,487,550 $6,512,450 Total liabilities and stockholders equity $13,477,590 $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 rounded requirement for subsequent requirement, if required. Assume 365 days a year 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable tumover 5. Number of days sales in receivables days 6. Inventory turnover 7. Number of days sales in inventory days Check My Work Previous All work saved Email Instructor Save and Et Submit Assign TI c UM JUS Udys a year 1. Working Capital X 2. Durant ratio 3. Quick ratio 4. Accounts receivable tumover 5. Number of days! Sales in receivables days 6. Inventory turnover 7. Number of days sales in inventory days 8. Ratio of fixed assets to long-term liabilities 9. Ratio or liabilities to stockholders' equity 10. Times interest eamed 11. Asset tumove 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 Previo Check My Work Submit Save and Email Instructor All work saved ORI
