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 $ 53 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			$ 920,050		$ 779,350
Net income			198,800		159,600
Total			$ 1,081,050		$ 938,950
Dividends
	On preferred stock		$ 6,300		$ 6,300
	On common stock		12,600		12,600
		Total dividends	$ 18,900		$ 18,900
Retained earnings, December 31			$ 1,099,950		$ 920,050

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$ 1,226,400		$ 1,129,920
Cost of goods sold	429,970		395,570
Gross profit	$ 796,430		$ 734,350
Selling expenses	$ 277,250		$ 331,760
Administrative expenses	236,180		194,850
Total operating expenses	513,430		526,610
Income from operations	$ 283,000		$ 207,740
Other income	14,900		13,260
	$ 297,900		$ 221,000
Other expense (interest)	72,000		40,000
Income before income tax	$ 225,900		$ 181,000
Income tax expense	27,100		21,400
Net income	$ 198,800		$ 159,600

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			Dec. 31, 20Y2		Dec. 31, 20Y1
Assets
Current assets
	Cash		$ 218,730		$ 205,460
	Marketable securities		331,050		340,470
	Accounts receivable (net)		211,700		197,100
	Inventories		160,600		116,800
	Prepaid expenses		41,388		41,090
		Total current assets	$ 963,468		$ 900,920
Long-term investments			728,442		405,449
Property, plant, and equipment (net)			990,000		891,000
Total assets			$ 2,681,910		$ 2,197,369
Liabilities
Current liabilities			$ 291,960		$ 387,319
Long-term liabilities
	Mortgage note payable, 8 %		$ 400,000		$ 0
	Bonds payable, 8 %		500,000		500,000
		Total long-term liabilities	$ 900,000		$ 500,000
Total liabilities			$ 1,191,960		$ 887,319
Stockholders' Equity
Preferred $ 0.70 stock, $ 20 par			$ 180,000		$ 180,000
Common stock, $ 10 par			210,000		210,000
Retained earnings			1,099,950		920,050
	Total stockholders' equity		$ 1,489,950		$ 1,310,050
Total liabilities and stockholders' equity			$ 2,681,910		$ 2,197,369

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.

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		%