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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 $67
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $67 on December 31,20 Y2. Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest rent. Usa the rounder answone of the menuinamant fnen suheanuant nanuinament. if required. Astume 365 days a year, Other revenue and expense: other revenue Other expense (interest) Income before income tax expense Income tax expense Net income 34,030 $504,500(176,000) 60,500 $444,000 28,790 $383,000(96,800) $444,00060,500 $336,60046,400 Marshall Inc. Comparative Balance Sheet December 31,20Y2 and 20Y1 Current assets: Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets $414,830 627,850 489,100 365,000 $430,000 712,580 459,900 277,400 $1,975,26378,483$1,965,88086,000 1,247,112254,938 2,860,0002,574,000 $4,794,818 Liabilities Current liabilities $681,125 $786,068 Long-term liabllities: Mortgage note payable, 8% $990,000 $0
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