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Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $

Measures of liquidity, Solvency, and Profitability

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 66 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 $2,469,400 $2,083,800
Net income 562,400 426,800
Total $3,031,800 $2,510,600
Dividends:
On preferred stock $7,000 $7,000
On common stock 34,200 34,200
Total dividends $41,200 $41,200
Retained earnings, December 31 $2,990,600 $2,469,400

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $3,372,600 $3,107,340
Cost of goods sold 1,165,080 1,071,870
Gross profit $2,207,520 $2,035,470
Selling expenses $749,290 $922,170
Administrative expenses 638,290 541,590
Total operating expenses $1,387,580 $1,463,760
Income from operations $819,940 $571,710
Other revenue 43,160 36,490
$863,100 $608,200
Other expense (interest) 224,000 123,200
Income before income tax $639,100 $485,000
Income tax expense 76,700 58,200
Net income $562,400 $426,800

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 20Y1
Assets
Current assets
Cash $609,330 $540,520
Marketable securities 922,220 895,730
Accounts receivable (net) 620,500 584,000
Inventories 467,200 365,000
Prepaid expenses 115,278 108,100
Total current assets $2,734,528 $2,493,350
Long-term investments 1,340,612 312,001
Property, plant, and equipment (net) 3,640,000 3,276,000
Total assets $7,715,140 $6,081,351
Liabilities
Current liabilities $854,540 $1,001,951
Long-term liabilities:
Mortgage note payable, 8% $1,260,000 $0
Bonds payable, 8% 1,540,000 1,540,000
Total long-term liabilities $2,800,000 $1,540,000
Total liabilities $3,654,540 $2,541,951
Stockholders' Equity
Preferred $0.70 stock, $50 par $500,000 $500,000
Common stock, $10 par 570,000 570,000
Retained earnings 2,990,600 2,469,400
Total stockholders' equity $4,060,600 $3,539,400
Total liabilities and stockholders' equity $7,715,140 $6,081,351

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 %

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