Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 65 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 20Y1 Retained earnings, January 1 $1,414,350 $1,202,350 Net income 325,600 246,300 Total $1,739,950 $1,448,650 Dividends: On preferred stock $10,500 $10,500 On common stock 23,800 23,800 Total dividends $34,300 $34,300 Retained earnings, December 31 $1,705,650 $1,414,350 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 20Y2 2011 Sales $1,941,800 $1,789,090 Cost of goods sold 677,440 623,240 Gross profit $1,264,360 $1,165,850 $427,280 $526,980 Selling expenses Administrative expenses 363,980 309,490 $791,260 $836,470 Total operating expenses Income from operations $473,100 $329,380 Other revenue 24,900 21,020 $498,000 $350,400 Other expense (interest) 128,000 70,400 Income before income tax $370,000 $280,000 Income tax expense 44,400 33,700 Net income $325,600 $246,300 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 20Y2 20Y1 Assets Current assets $413,360 Cash Marketable securities Accounts receivable (net) Inventories 625,630 357,700 $323,450 536,010 335,800 204,400 64,690 262,800 78,199 Prepaid expenses Total current assets $1,737,689 $1,464,350 379,234 Long-term investments Property, plant, and equipment (net) 799,046 1.920,000 $4,456,735 1,728,000 Total assets $3,571,584 Liabilities Current liabilities $511,085 $637,234 Long-term liabilities: Mortgage note payable, 8% $720,000 SO Bonds payable, 8% 880,000 880,000 Total long-term liabilities $1,600,000 $880,000 Total liabilities $2,111,085 $1,517,234 Stockholders' Equity Preferred 50.70 stock, $20 par $300,000 $300,000 Common stock, $10 par 340,000 340,000 Retained earnings 1,705,650 1,414,350 Total stockholders' equity $2,345,650 $2,054,350 Total liabilities and stockholders' equity $4,456,735 $3,571,584 Required: Determine the following measures for 2012, 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 s s 17. Dividends per share of common stock 18. Dividend yield