Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 70 on December 31, 2072. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Retained earnings, January 1 Net income $1,308,050 $1,115,650 228,500 300,000 Total $1,608,050 $1,344,150 Dividends: $9,100 27,000 On preferred stock On common stock Total dividends Retained earnings, December 31 $9,100 27,000 $36,100 $1,308,050 $36,100 $1,571,950 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 2011 $1,552,620 Sales Cost of goods sold Gross profit $1,685,205 572,320 $1,112,885 526,530 $1,026,090 $372,730 $458,360 317,505 Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue $690,235 269,190 $727,550 $298,540 $422,650 19,060 22,250 $444,900 104,000 $317,600 57,600 $260,000 Other expense (interest) Income before income tax Income tax expense Net income $340,900 40,900 31,500 $300,000 $228,500 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2041 2012 2011 Assets Current assets Cash $295,310 $314,440 Marketable securities 521,070 446,960 306,600 Accounts receivable (net) 284,700 Inventories 175,200 233,600 55,878 Prepaid expenses 62,890 Total current assets $1,338,348 1,069,162 $1,358,300 667,632 Long-term investments Property, plant, and equipment (net) 1,430,000 1,287,000 Total assets $3,837,510 $3,312,932 Liabilities Current liabilities $405,560 $724,882 Long-term liabilities: Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities $0 $580,000 720,000 $1,300,000 $1,705,560 720,000 $720,000 Total liabilities $1,444,882 $260,000 300,000 $260,000 300,000 Stockholders' Equity Preferred $0.70 stock, $20 par Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Required: 1,571,950 $2,131,950 1,308,050 $1,868,050 $3,312,932 $3,837,510 Determine the following measures for 2012, rounding to one decimal place, except for dollar amounts, which should be rounded to 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 days 1. Working capital 2. Current ratio INI 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables days days 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities 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 %