Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 63 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 Retained earnings, January 1 Net income 2012 $1,315,800 280,000 $1,595,800 2011 $1,118,300 229,100 $1,347,400 Total Dividends: $9,100 22,500 On preferred stock On common stock Total dividends Retained earnings, December 31 $9,100 22,500 $31,600 $1,564,200 $31,600 $1,315,800 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y1 Sales $1,552,620 2012 $1,685,205 613,200 $1,072,005 564,140 Cost of goods sold Gross profit Selling expenses Administrative expenses $362,290 5988,480 5434,660 255,280 308,625 5689,940 Total operating expenses Income from operations Other revenue 5670,915 $401,090 21,110 5298,540 19,060 Other expense interest) Income before income tax Income tax expense S422,200 104,000 $318,200 38,200 $317,600 57,600 $260,000 30,900 Net income $280,000 $229,100 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2041 2012 2011 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses $287,740 435,510 306,600 233,600 54,438 $257,090 426,040 284,700 175,200 51,420 $1,194,450 197,832 1,521,000 $2,913,282 Total current assets $1,317,888 Long-term investments Property, plant, and equipment (net) Total assets 815,672 1,690,000 $3,823,560 Liabilities $399,360 $317,482 50 5580,000 720,000 $1,300,000 $1,699,350 720,000 $720,000 $1,037,482 Current liabilities Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.70 stock. $20 par Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 5260,000 300,000 1,564,200 $2,124,200 $3,823,560 $260,000 300,000 1,315,800 $1,875,800 $2,913,282 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 6. Inventory turnover days 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