Measures of liquidity, solvency, and profitability

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2.

Line Item Description20Y220Y1Retained earnings, January 1$3,704,000$3,264,000Net income$600,000$550,000Dividends:On preferred stock(10,000)(10,000)On common stock(100,000)(100,000)Increase in retained earnings$490,000$440,000Retained earnings, December 31$4,194,000$3,704,000

Line Item Description20Y220Y1Sales$10,850,000$10,000,000Cost of goods sold(6,000,000)(5,450,000)Gross profit$4,850,000$4,550,000Selling expenses$(2,170,000)$(2,000,000)Administrative expenses(1,627,500)(1,500,000)Total operating expenses$(3,797,500)$(3,500,000)Operating income$1,052,500$1,050,000Other revenue and expense:Other revenue99,50020,000Other expense (interest)(132,000)(120,000)Income before income tax expense$1,020,000$950,000Income tax expense(420,000)(400,000)Net income$600,000$550,000

Line Item Description20Y220Y1AssetsCurrent assets:Cash$1,050,000$950,000Marketable securities301,000420,000Accounts receivable (net)585,000500,000Inventories420,000380,000Prepaid expenses108,00020,000Total current assets$2,464,000$2,270,000Long-term investments800,000800,000Property, plant, and equipment (net)5,760,0005,184,000Total assets$ 9,024,000$8,254,000LiabilitiesCurrent liabilities$ 880,000$ 800,000Long-term liabilities:Mortgage note payable, 6%$200,000$0Bonds payable, 4%3,000,0003,000,000Total long-term liabilities$3,200,000$3,000,000Total liabilities$4,080,000$3,800,000Stockholders EquityPreferred 4% stock, $5 par$250,000$250,000Common stock, $5 par500,000500,000Retained earnings4,194,0003,704,000Total stockholders equity$4,944,000$4,454,000Totalliabilities andstockholders equity$9,024,000$8,254,000

Determine the following measures for 20Y2. Round to one decimal place, including percentages, except for per-share amounts, which should be rounded to the nearest cent.

Line Item DescriptionAnswerRatio Unit1. Working Capital$fill in the blank 12. Current ratiofill in the blank 23. Quick ratiofill in the blank 34. Accounts receivable turnoverfill in the blank 45. Days sales in receivablesfill in the blank 5days6. Inventory turnoverfill in the blank 67. Days sales in inventoryfill in the blank 7days8. Ratio of fixed assets to long-term liabilitiesfill in the blank 89. Ratio of liabilities to stockholders equityfill in the blank 910. Times interest earnedfill in the blank 1011. Asset turnoverfill in the blank 1112. Return on total assetsfill in the blank 12%13. Return on stockholders equityfill in the blank 13%14. Return on common stockholders equityfill in the blank 14%15. Earnings per share on common stock$fill in the blank 1516. Price-earnings ratiofill in the blank 1617. Dividends per share of common stock$fill in the blank 1718. Dividend yieldfill in the blank 18%