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Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 61 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2011 20Y2 2011 Retained earnings, January 1 $2,341,450 504,000 $1,982,350 406,000 Net income Total $2,845,450 $2,388,350 Dividends: On preferred stock $8,400 $8,400 On common stock 38,500 38,500 Total dividends $46,900 $46,900 Retained earnings, December 31 $2,798,550 $2,341,450 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 20Y1 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 20Y2 20Y1 Assets Current assets Cash $490,220 $480,260 Marketable securities 741,960 795,860 Accounts receivable (net) 554,800 518,300 Inventories 408,800 321,200 Prepaid expenses 92,740 96,050 Total current assets $2,288,520 $2,211,670 Long-term investments 1,842,870 698,654 Property, plant, and equipment (net) 2,760,000 2,484,000 Total assets $6,891,390 $5,394,324 Liabilities Current liabilities $ 762,840 $752,874 Long-term liabilities: Total assets $6,891,390 $5,394,324 Liabilities Current liabilities $762,840 $752,874 Long-term liabilities: Mortgage note payable, 8% $1,030,000 $0 Bonds payable, 8% 1,270,000 1,270,000 Total long-term liabilities $2,300,000 $1,270,000 Total liabilities $3,062,840 $2,022,874 Stockholders' Equity Preferred $0.70 stock, $40 par Common stock, $10 per $480,000 $ $480,000 550,000 550,000 2,341,450 Retained earnings 2,798,550 Total stockholders' equity $3,828,550 $3,371,450 Total liabilities and stockholders' equity $6,891,390 $5,394,324 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 II 2. Current ratio requirement, if required. Assume 365 days a year. 1. Working capital 2. Current ratio 3. Quick ratia 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
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