Measures of liquidity, Solvency, and Profitability

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 66 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			$783,900		$665,700
Net income			170,400		136,400
Dividends:
	On preferred stock		(5,600)		(5,600)
	On common stock		(12,600)		(12,600)
Retained earnings, December 31			$936,100		$783,900

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$1,119,820		$1,031,760
Cost of merchandise sold	394,200		362,660
Gross profit	$725,620		$669,100
Selling expenses	$255,580		$306,050
Administrative expenses	217,720		179,750
Total operating expenses	$473,300		$485,800
Income from operations	$252,320		$183,300
Other revenue and expense:
Other revenue	13,280		11,700
Other expense (interest)	(72,000)		(40,000)
Income before income tax expense	$193,600		$155,000
Income tax expense	23,200		18,600
Net income	$170,400		$136,400

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			20Y2		20Y1
Assets
Current assets:
	Cash		$176,460		$162,970
	Marketable securities		267,070		270,070
	Accounts receivable (net)		197,100		182,500
	Inventories		146,000		116,800
	Prepaid expenses		33,387		32,590
		Total current assets	$820,017		$764,930
Long-term investments			524,573		128,745
Property, plant, and equipment (net)			1,080,000		972,000
Total assets			$2,424,590		$1,865,675
Liabilities
Current liabilities			$248,490		$241,775
Long-term liabilities:
	Mortgage note payable, 8%		$400,000		$0
	Bonds payable, 8%		500,000		500,000
		Total long-term liabilities	$900,000		$500,000
Total liabilities			$1,148,490		$741,775
Stockholders' Equity
Preferred $0.70 stock, $20 par			$160,000		$160,000
Common stock, $10 par			180,000		180,000
Retained earnings			936,100		783,900
Total stockholders' equity			$1,276,100		$1,123,900
Total liabilities and stockholders' equity			$2,424,590		$1,865,675

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.

9. Ratio of liabilities to stockholders' equity
10. Times interest earned
11. Asset turnover
12. Return on total assets		%
13. Return on stockholders equity		%