Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 55 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 2012 2011 $922,850 193,200 $1,116,050 $781,650 160,100 $941,750 Retained earnings, January 1 Net income Total Dividends: On preferred stock On common stock Total dividends Retained earnings, December 31 $6,300 12,600 $6,300 12,600 $18,900 $922,850 $18,900 $1,097,150 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2012 20Y1 $1,062,880 416,100 $979,250 382,810 $596,440 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue $646,780 $199,720 170,140 $244,290 $369,860 $276,920 14,580 $291,500 72,000 143,470 $387,760 $208,680 13,320 $222,000 40,000 $182,000 21,900 $160,100 Other expense interest) Income before income tax Income tax expense Net income $219,500 26,300 $193,200 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2041 2012 20Y1 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets $183,840 278,240 211,700 160,600 34,780 $869,160 727,710 1,080,000 $2,676,870 $179,560 297,570 197,100 116,800 35,910 $826,940 217,995 972,000 $2,016,935 Liabilities $289,720 $204,085 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 $400,000 500,000 $900,000 $1,189,720 $0 500,000 $500,000 $704,085 $180,000 $180,000 210,000 922,850 210,000 1,097,150 $1,487,150 $2,676,870 $1,312,850 $2,016,935 Total liabilities and stockholders' equity 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. Determine the following measures for 2012, 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 579,440 2. Current ratio 3.0 3. Quick ratio 2.3 20.0 4. Accounts receivable turnover 5. Number of days' sales in receivables X x days x days x 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover x x x x 12. Return on total assets 13. Return on stockholders' equity 14. Return on common stockholders' equity x x 15. Earnings per share on common stock x x 16. Price-earnings ratio 17. Dividends per share of common stock x 18. Dividend yield X