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 $ 62 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 $ 1,262,500 $ 1,071,900 Net income 304,000 219,600 Total $ 1,508,500 $ 1,291,500 Dividends On preferred stock $ 9,800 $ 9,800 On common stock 19,200 19,200 Total dividends $ 29,000 $ 29,000 Retained earnings, December 31 $ 1,537,500 $ 1,262,500

Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $ 1,810,035 $ 1,667,720 Cost of goods sold 613,200 564,140 Gross profit $ 1,196,835 $ 1,103,580 Selling expenses $ 407,490 $ 507,880 Administrative expenses 347,125 298,280 Total operating expenses 754,615 806,160 Income from operations $ 442,220 $ 297,420 Other income 23,280 18,980 $ 465,500 $ 316,400 Other expense (interest) 120,000 66,400 Income before income tax $ 345,500 $ 250,000 Income tax expense 41,500 30,400 Net income $ 304,000 $ 219,600

Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Current assets Cash $ 272,660 $ 329,970 Marketable securities 412,680 546,810 Accounts receivable (net) 328,500 306,600 Inventories 248,200 189,800 Prepaid expenses 51,585 65,990 Total current assets $ 1,313,625 $ 1,439,170 Long-term investments 797,625 316,009 Property, plant, and equipment (net) 1,950,000 1,755,000 Total assets $ 4,061,250 $ 3,510,179 Liabilities Current liabilities $ 423,750 $ 817,679 Long-term liabilities Mortgage note payable, 8 % $ 670,000 $ 0 Bonds payable, 8 % 830,000 830,000 Total long-term liabilities $ 1,500,000 $ 830,000 Total liabilities $ 1,923,750 $ 1,647,679 Stockholders' Equity Preferred $ 0.70 stock, $ 20 par $ 280,000 $ 280,000 Common stock, $ 10 par 320,000 320,000 Retained earnings 1,537,500 1,262,500 Total stockholders' equity $ 2,137,500 $ 1,862,500 Total liabilities and stockholders' equity $ 4,061,250 $ 3,510,179

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 days 6. Inventory turnover 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 %