Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $62 on December 31, 2042. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2011 20Y2 2011 Retained earnings, January 1 $3,479,750 $2,929,250 Net income 810,000 600.000 Total $4,289.750 $ 3,529,250 Dividends: On preferred stock $ 12,600 $ 12,600 16.900 36.900 On common stock $49.500 Total dividends 49,500 54,240,250 $8.479.750 Retained earnings, December 31 Marshall Inc Comparative Income Statement Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 20Y2 2011 Sales $ 4,896,840 $4,511,690 Cost of goods sold 1.949,100 1,793,170 Gross profit $ 2,947 740 $ 2,718,520 $ 922,570 $ 1,183,710 Selling expenses Administrative expenses 785,990 695,200 Total operating expenses 1,708,470 1,878,910 $ 1,239,270 Income from operations $ 839,610 Other revenue 65,230 53,590 $ 1,304,500 $ 893,200 Other expense Interest 384,000 211,200 Income before income tak $920.500 5 582,000 Income tax expense 110,500 32,000 Not income 5 910,000 $ 500.000 Marshall Ind! Comparative Balance Sheet December 31, 2012 and 2011 Dec. 31 2012 Dec 31 2011 Assets Current assets Cash $ 1,042,700 1745110 Marketable securities 1578,130 1 235 240 Accounts receivable (net 920.900 912,500 Inventaries 730.000 569.400 199,080 197,265 Prepaid expenses Total current assets $518,998 $ 2,611,630 Long-term investments 12.33927 445.213 Property, blant and equcntentcnti 5.200,000 4.752,000 33525 S 8,808,843 Liabilities lates 1958 $ 1,149,093 Lotermiabilities Long-term liabilities Mortgage note payable, 8 % $ 2.160,000 $0 Bonds payable, 8% 2,640,000 2,640,000 Total long-term liabilities $ 4,800,000 $ 2,640,000 Total liabilities $6,358,275 $ 3,789,093 Stockholders' Equity Preferred $ 0.70 stock, 40 par $ 720.000 $ 720,000 Common stock, 5.10 bar 820,000 820,000 Retained earnings 4,240,250 3,479,750 Total stockholders' equity 55,780,250 $ 5,019,750 > Total liabilities and stockholders equity $ 12,138,525 $8.808,843 Required: Determine the following measures for 20 rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. subsequent requirement required. Assume 155 days a year 1. Working capito 5 2,960,723 2 Current ratio 2.9 3. Obro 4. 1. Working capital $ 2,960,723 2. Current ratio 2.9 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 eamed 11. Asset turnover 12. Return on total assets % 13. Return on stockholders equity % 14. Return on common stockholders equity % 15. Earnings per sbare on cormonok $ 16. Price aminos ratio 17. vidence that of common stock 18. Dividendela 46