Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 55 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 20Y2 20Y1 Retained earnings, January 1 $3,217,400 $2,715,900 Net income 700,000 556,300 Dividends: On preferred stock (11,900) (11,900) On common stock (42,900) (42,900) in Retained earnings, December 31 $3,862,600 $3,217,400 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $4,047,620 $4,393,140 1,511,100 Cost of merchandise sold 1,390, 210 $2,882,040 $2,657,410 Gross profit Selling expenses $1,016,880 Administrative expenses 866,240 $1,216,520 714,460 $1,930,980 Total operating expenses $1,883,120 Cost of merchandise sold 1,511,100 1,390,210 Gross profit $2,882,040 $2,657,410 Selling expenses $1,016,880 $1,216,520 Administrative expenses 866,240 714,460 $1,883,120 $1,930,980 Total operating expenses Income from operations $998,920 $726,430 Other revenue and expense: Other revenue 52,580 46,370 Other expense (interest) (256,000) (140,800) Income before income tax expense $795,500 $632,000 Income tax expense 95,500 75,700 Net income $700,000 $556,300 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets: Cash $719,330 $713,220 Marketable securities 1,088,720 1,181,910 Accounts receivable (net) 766,500 722,700 Inventories 569,400 438,000 Cash $719,330 $713,220 Marketable securities 1,088,720 1,181,910 Accounts receivable (net) 766,500 722,700 Inventories 569,400 438,000 Prepaid expenses 136,098 142,640 Total current assets $3,280,048 $3,198,470 Long-term investments 2,140,632 858,668 Property, plant, and equipment (net) 4,160,000 3,744,000 Total assets $9,580,680 $7,801,138 Liabilities Current liabilities $1,058,080 $1,363,738 Long-term liabilities: Mortgage note payable, 8% $1,440,000 $0 Bonds payable, 8% 1,760,000 1,760,000 Total long-term liabilities $3,200,000 $1,760,000 Total liabilities $4,258,080 $3,123,738 Stockholders' Equity Preferred $0.70 stock, $40 par $680,000 $680,000 Common stock, $10 par 780,000 780,000 3,217,400 Retained earnings 3,862,600 Total stockholders' equity $5,322,600 $4,677,400 Total liabilities and stockholders' equity $9,580,680 $7,801,138 Required: Total liabilities and stockholders' equity $9,580,680 $7,801,138 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. 1. Working capital 2 Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables days 6. Inventory tumover 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