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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 Inc. common stock was
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 56 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 $ 3,586,175 828,800 Net income $ 3,027,325 620,000 $ 3,647,325 Total $ 4,414,975 Dividends On preferred stock $ 13,300 $ 13,300 On common stock 47,850 47,850 Total dividends $ 61,150 $ 61,150 Retained earnings, December 31 $ 4,353,825 $ 3,586,175 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2012 20Y1 Sales $ 5,380,100 $ 4,956,910 2,014,800 1,853,620 Cost of goods sold Gross profit $ 3,103,290 Selling expenses $ 3,365,300 $ 1,128,920 961,670 $ 1,407,290 Administrative expenses 826,500 2,090,590 2,233,790 Total operating expenses Income from operations $ 1,274,710 $ 869,500 Other income 67,090 55,500 $ 1,341,800 $ 925,000 Other expense interest) 400,000 220,000 $ 941,800 $ 705,000 Income before income tax Income tax expense 113,000 85,000 Net income $ 828,800 $ 620,000 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2041 Dec. 31, 2012 Dec. 31, 20Y1 Assets Current assets Cash $ 1,161,150 $ 809,030 1,340,660 Marketable securities 1,757,420 1,007,400 949,000 759,200 584,000 Accounts receivable (net) Inventories Prepaid expenses Total current assets 219,675 161,810 $ 4,904,845 $ 3,844,500 1,661,188 132,324 Long-term investments Property, plant, and equipment (net) 5,400,000 6,000,000 $ 12,566,033 Total assets $ 9,376,824 - 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 days 6. Inventory turnover 7. Number of days' sales in inventory 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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