Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 64 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 20Y1 Retained earnings, January 1 $2,831,200 $2,396,400 Net Income 633,600 490,800 Total $3,464,800 $2,887,200 Dividends: On preferred stock $8,400 $8,400 On common stock 47,600 47,600 Total dividends $56,000 $56,000 Retained earnings, December 31 $3,408,800 $2,831,200 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 20Y2 20Y1 $3,744,900 $3,450,330 Sales 1,353,270 1,470,950 $2,273,950 $2,097,060 Cost of goods sold Gross profit Selling expenses Administrative expenses $727,250 $907,320 619,500 532,870 $1,346,750 $1,440,190 Total operating expenses $927,200 $656,870 Income from operations 48,800 41,930 Other revenue $976,000 $698,800 256,000 140,800 $720,000 $558,000 Other expense (interest) Income before income tax Income tax expense Net income 86,400 67,200 $633,600 $490,800 Marshall Inc. Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2011 2011 2012 Assets Current assets Cash $623,060 1,032,500 671,600 408,800 $629,800 953,210 715,400 540,200 119,158 $2,957,768 2,430,952 3,520,000 $8,908,720 Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) 124,610 $2,860,570 948,424 3,168,000 $6,976,994 Total assets Liabilities $1,019,920 $1,105,794 Current liabilities $0 Long-term liabilities: Mortgage note payable, 8% $1,440,000 Bonds payable, 8% 1,760,000 1,760,000 Total long-term liabilities $3,200,000 $1,760,000 Total liabilities $4,219,920 $2,865,794 Stockholders' Equity Preferred $0.70 stock, $50 par $600,000 $600,000 Common stock, $10 par 680,000 680,000 Retained earnings 3,408,800 2,831,200 Total stockholders' equity $4,688,800 $4,111,200 Total liabilities and stockholders' equity $8,908,720 $6,976,994 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