Measures of liquidity, Solvency and Profitability

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 68 on December 31, 20Y2.

Marshall Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 20Y2 and 20Y1
			20Y2		20Y1
Retained earnings, January 1			$ 1,934,150		$ 1,627,150
Net income			438,000		333,300
Total			$2,372,150		$ 1,960,450
Dividends:
	On preferred stock		$ 5,600		$ 5,600
	On common stock		20,700		20,700
		Total dividends	$ 26,300		$ 26,300
Retained earnings, December 31			$ 2,345,850		$ 1,934,150

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$ 2,671,800		$ 2,461,620
Cost of goods sold	950,460		874,420
Gross profit	$ 1,721,340		$ 1,587,200
Selling expenses	$ 596,230		$ 725,750
Administrative expenses	507,900		426,230
Total operating expenses	1,104,130		1,151,980
Income from operations	$ 617,210		$ 435,220
Other revenue	32,490		27,780
	$ 649,700		$ 463,000
Other expense (interest)	152,000		84,000
Income before income tax	$ 497,700		$ 379,000
Income tax expense	59,700		45,700
Net income	$ 438,000		$ 333,300

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			Dec. 31, 20Y2		Dec. 31, 20Y1
Assets
Current assets
	Cash		$ 437,980		$ 427,700
	Marketable securities		662,890		708,760
	Accounts receivable (net)		459,900		430,700
	Inventories		350,400		262,800
	Prepaid expenses		82,870		85,540
		Total current assets	$ 1,994,040		$ 1,915,500
Long-term investments			1,496,490		704,448
Property, plant, and equipment (net)			2,280,000		2,052,000
Total assets			$ 5,770,530		$ 4,671,948
Liabilities
Current liabilities			$ 664,680		$ 827,798
Long-term liabilities
	Mortgage note payable, 8 %		$ 850,000		$ 0
	Bonds payable, 8 %		1,050,000		1,050,000
		Total long-term liabilities	$ 1,900,000		$ 1,050,000
Total liabilities			$ 2,564,680		$ 1,877,798
Stockholders' Equity
Preferred $ 0.70 stock, $ 50 par			$ 400,000		$ 400,000
Common stock, $ 10 par			460,000		460,000
Retained earnings			2,345,850		1,934,150
Total stockholders' equity			$ 3,205,850		$ 2,794,150
Total liabilities and stockholders' equity			$ 5,770,530		$ 4,671,948

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		%