Measures of liquidity, Solvency, and Profitability

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 54 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			$1,804,725		$1,524,975
Net income			403,200		312,400
Dividends:
	On preferred stock		(13,300)		(13,300)
	On common stock		(19,350)		(19,350)
Retained earnings, December 31			$2,175,275		$1,804,725

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$2,496,600		$2,300,290
Cost of merchandise sold	882,570		811,960
Gross profit	$1,614,030		$1,488,330
Selling expenses	$562,650		$680,510
Administrative expenses	479,290		399,670
Total operating expenses	$1,041,940		$1,080,180
Income from operations	$572,090		$408,150
Other revenue and expense:
Other revenue	30,110		26,050
Other expense (interest)	(144,000)		(79,200)
Income before income tax expense	$458,200		$355,000
Income tax expense	55,000		42,600
Net income	$403,200		$312,400

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			20Y2		20Y1
Assets
Current assets:
	Cash		$396,490		$416,340
	Marketable securities		600,090		689,940
	Accounts receivable (net)		430,700		401,500
	Inventories		321,200		248,200
	Prepaid expenses		75,002		83,270
		Total current assets	$1,823,482		$1,839,250
Long-term investments			1,570,013		864,714
Property, plant, and equipment (net)			1,980,000		1,782,000
Total assets			$5,373,495		$4,485,964
Liabilities
Current liabilities			$588,220		$881,239
Long-term liabilities:
	Mortgage note payable, 8%		$810,000		$0
	Bonds payable, 8%		990,000		990,000
		Total long-term liabilities	$1,800,000		$990,000
Total liabilities			$2,388,220		$1,871,239
Stockholders' Equity
Preferred $0.70 stock, $20 par			$380,000		$380,000
Common stock, $10 par			430,000		430,000
Retained earnings			2,175,275		1,804,725
Total stockholders' equity			$2,985,275		$2,614,725
Total liabilities and stockholders' equity			$5,373,495		$4,485,964

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	$fill in the blank 1	942243
2. Current ratio	fill in the blank 2	2.1
3. Quick ratio	fill in the blank 3	1.6
4. Accounts receivable turnover	fill in the blank 4	6.0
5. Number of days' sales in receivables	fill in the blank 5	60.8days
6. Inventory turnover	fill in the blank 6	?
7. Number of days' sales in inventory	fill in the blank 7	?days
8. Ratio of fixed assets to long-term liabilities	fill in the blank 8	?
9. Ratio of liabilities to stockholders' equity	fill in the blank 9	?
10. Times interest earned	fill in the blank 10	?
11. Asset turnover	fill in the blank 11	?
12. Return on total assets	fill in the blank 12	?%
13. Return on stockholders equity	fill in the blank 13	?%
14. Return on common stockholders equity	fill in the blank 14	?%
15. Earnings per share on common stock	$fill in the blank 15	?
16. Price-earnings ratio	fill in the blank 16	?
17. Dividends per share of common stock	$fill in the blank 17	?
18. Dividend yield	fill in the blank 18	?%