Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall nc. are as follows. The market priceof Marshal Inc common stock wat we ton beemont 20 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y 20Y2 20Y1 Retained earnings, January 1 Net income Total Dividends $ 2,828,150 s 2,381,450 624,800 487,800 s3,370,750 s2,869,250 On preferred stock On common stock Total dividends $ 10,500 30,600 $41,100 3,411,850 s 10,500 30,600 41,100 s2,828,150 Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 3,329,250 Sales Cost of goods sold Gross orofit $ 3,613,500 1,357,800 2,255,700 1,249,180 $ 2,080,070 Previous Next $ 2,255,700 $734,830 625,970 1,360,800 $ 894,900 $2,080,070 Selling expenses Administrative expenses Total operating expenses Income from operations Other income $ 906,560 32,430 1,438,990 641,080 40,920 682,000 128,000 554,000 66,200 $ 487,800 47,100 Other expense (interest) Income before income tax Income tax expense Net income 942,000 232,000 710,000 85,200 624,800 . Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories s 570,260 863,090 678,900 511,000 $ 663,310 1,099,200 635, 100 394,200 511,000 107,886 $ 2,731,136 2,524,194 3,190,000 $ 8,445,330 394,200 132,660 $ 2,924,470 1,337,382 2,871,000 $ 7,132,852 Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities Current liabilities $853,480 $ 1,424,702 Long-term liabilities 1,300,000 1,600,000 2,900,000 $3,753,480 s 0 1,600,000 $1,600,000 3,024,702 Mortgage note payable, 8 % Bonds payable, 8 % Total long-term liabilities Total liabilities Stockholders' Equity Preferred $ 0.70 stock, $ 40 par Common stock, $ 10 par Retained earnings $600,000 680,000 3,411,850 4,691,850 $8,445,330 600,000 680,000 2,828,150 4,108,150 $ 7,132,852 Total stockholders equity Total liabilities and stockholders' equity Required: ng measures for 20Y2, rounding to one decimat place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, it required. Assume 365 days a year 1. Working capita 1,877,656 Check My Work Determine the following measures for 20v2, 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 io receivables 6. Inventory turnover 7. Number of days sales in inventory 8. Ratio of flxed assets to lang-term iabilities $1,877,656 3.2 853,480 days days Ratio of liabilities to stockholders equity 10. Tres interest earned 11. Asset turnover 12. Return on total assets 13. Return an stockholders' equity 14. Return on common stockholders' equity 15. Earnings per share on common stock 16. Price-earnings ratio n 17. Dividends per share of common stock 18. Dividend yield Previous Next Check My Work 3 more Check My Work uses remaining