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 $ 68 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 2012 20Y1 Retained earnings, January 1 $ 1,190,000 $ 1,407,900 330,000 Net income 243,700 Total $ 1,737,900 $ 1,433,700 Dividends $ 10,500 $ 10,500 15,300 15,300 On preferred stock On common stock Total dividends Retained earnings, December 31 $ 25,800 $ 25,800 $ 1,712,100 $ 1,407,900 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $ 2,107,875 $ 1,942,050 Cost of goods sold 715,400 658,170 Gross profit $ 1,283,880 Selling expenses $ 1,392,475 $ 477,480 406,745 $ 592,690 Administrative expenses 348,090 884,225 940,780 Total operating expenses Income from operations $ 508,250 $ 343,100 Other income 26,750 21,900 $ 535,000 $ 365,000 Other expense (interest) 160,000 88,000 Income before income tax $ 375,000 $ 277,000 Income tax expense 45,000 33,300 Net income $ 330,000 $ 243,700 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Current assets Cash $ 441,480 $ 339,860 Marketable securities 668,190 563,210 Accounts receivable (net) 394,200 372,300 Inventories 292,000 219,000 Prepaid expenses 83,522 Total current assets Long-term investments $ 1,879,392 860,018 67,970 $ 1,562,340 268,250 Property, plant, and equipment (net) 2,200,000 1,980,000 Total assets $ 4,939,410 $ 3,810,590 Liabilities $ 587,310 $ 662,690 Current liabilities Long-term liabilities Mortgage note payable, 8 % Bonds payable, 8 % $ 900,000 $ 0 1,100,000 1,100,000 Total long-term liabilities $ 1,100,000 $ 2,000,000 $ 2,587,310 Total liabilities $ 1,762,690 Stockholders' Equity Preferred $ 0.70 stock, $ 20 par $ 300,000 $ 300,000 Common stock, $ 10 par 340,000 340,000 Retained earnings 1,712,100 1,407,900 Total stockholders' equity $ 2,352,100 $ 2,047,900 Total liabilities and stockholders' equity $ 4,939,410 $ 3,810,590 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 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