Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 60 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 20Y1 Retained earnings, January 1 $ 1,702,725 $ 1,437,675 Net income 364,000 294,500 Total $ 2,066,725 $ 1,732,175 Dividends On preferred stock $ 11,900 $ 11,900 On common stock 17,550 17,550 Total dividends $ 29,450 $ 29,450 Retained earnings, December 31 $ 2,037,275 $ 1,702,725 20Y1 $ 2,123,010 681,670 $ 1,441,340 $ 665,120 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2092 Sales $ 2,304,245 Cost of goods sold 740,950 Gross profit $ 1,563,295 Selling expenses $ 562,230 Administrative expenses 478,945 Total operating expenses 1,041,175 Income from operations $ 522,120 Other income 27,480 $ 549,600 Other expense (interest) 136,000 Income before income tax $ 413,600 Income tax expense 49,600 Net income $364,000 390,630 1,055,750 $ 385,590 24,610 $ 410,200 75,200 $ 335,000 40,500 $ 294,500 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 Dec. 31, 20Y2 Assets Dec. 31, 2011 Current assets Cash $ 294,730 $ 345,610 446,080 572,740 Marketable securities Accounts receivable (net) Inventories 401,500 292,000 379,600 219,000 55,768 69,120 Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) $ 1,490,078 1,281,017 2,210,000 $ 1,586,070 293,393 1,989,000 Total assets $ 4,981,095 $ 3,868,463 $ 513,820 $ 495,738 $ 0 940,000 Liabilities Current liabilities Long-term liabilities Mortgage note payable, 8 % Bonds payable, 8 % Total long-term liabilities Total liabilities Stockholders' Equity Preferred $ 0.70 stock, $ 20 par Common stock, $ 10 par Retained earnings Total stockholders' equity $ 760,000 940,000 $ 1,700,000 $ 2,213,820 $ 940,000 $ 1,435,738 $ 340,000 $ 340,000 390,000 390,000 2,037,275 1,702,725 $ 2,432,725 $ 2,767,275 Total liabilities and stockholders' equity $ 4,981,095 $ 3,868,463 nood 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. 1. Working capital $ 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 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 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 %