Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall In we as follows. The market price of Marshall common stock was 3 59 on December 31 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2011 2012 $3,216,050 730,000 $2,737.450 560,700 Retained earnings, January Net income Dividends: On preferred stock On common stock Retained earnings, December 31 (11.900) (70.200) $3,863,950 (11.900) (70.200 53.216,050 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 Sales 54.473.075 Cost of merchandise sold 1,674 620 Gross profit $2.798,455 Selling expenses 5937,590 Administrative expenses 798.945 Total operating expenses $1,736.835 Income from operations 31.051,620 Other revenue and expense: Other revenue 55.800 Other expense interest (265,000 Income before income tax expense 5829.500 Income tax expense 99.500 Met income 5730,000 2011 14,121,260 1.540.650 $2,500,510 $1.154,750 675.180 31,832.930 $747,660 47.720 (158.400) 5637,000 75.300 5560.700 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2011 2012 Assets 2011 Current assets Cash Marketable securities 5795.930 1,204650 5704,730 1.167.820 O BE - C 1 Type here to search Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 20Y2 2011 Assets $795,930 1,204,650 810,300 613,200 150,585 $3,574,665 1,860,840 4,680,000 $10,115,505 $704,730 1,167,820 759,200 467,200 140,950 $3,239,900 450,294 4,212,000 $7,902,194 Current assets: Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities Current liabilities Long-term liabilities: 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 earings Total stockholders' equity Total liabilities and stockholders' equity $1,191,555 $1,246,144 $0 $1,620,000 1,980,000 $3,600,000 $4,791,555 1,980,000 $1,980,000 $3,226,144 $680,000 780,000 3,863,950 $5,323,950 $10,115,505 $680,000 780,000 3,216,050 $4,676,050 $7,902,194 Total stoa Total liabilities and stockholders' equity $10,115,505 $7,902,194 Required: Determine the following measures for 2012, rounding to one decimal place, except for dollar am 1. Working capital 2,383,110 2. Current ratio 3. Quick ratio 3 2.4 5.7 4. Accounts receivable turnover 64 days 3.1 117.7 days 5. Number of days sales in receivables 6. Inventory tumover 7. Number of days sales in inventory 8. Ratio of foxed assets to long-term liabilities 9. Ratio of abilities to stocholders' equity 10. Times interest earned 1.3 0.9 x 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-carrings ratio 17. Dividends per share of common stock 18. Dividend yield Festa Chexy Work 1. Subtract current liabies from current assets 2. Divide current assets by current liabilities 3. Divide quick assets by current liabilities. Quick assets are cash, temporary investments, and 4. Divide sales by average accounts receivable. Average Accounts receivable = (Beginning Net 5. Divide average accounts receivable by average daily sales. Average Accounts recevable