Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 56 on December 31, 2012 2011 $1,440,100 295,000 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 Retained earnings, January 1 $1,703,700 Net Income 364,000 $2,067,700 Dividends: On preferred stock $11,900 On common stock 19,500 Total dividends $31,400 Retained earnings, December 31 $2,036,300 Total $1,735,100 $11,900 19,500 $31,400 $1,703,700 Marshall Inc Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 2011 $2,185,985 $2,014,100 797.160 733,390 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses $1,280,710 $1,388,825 $459,810 $558,720 391,695 328,130 Total operating expenses $886,850 7 $851,505 $537,320 Income from operations $393,860 2011 $2,014,100 733,390 $1,280,710 $558,720 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2012 Sales $2,185,985 Cost of goods sold 797,160 Gross profit $1,388,825 Selling expenses $459,810 Administrative expenses 391,695 Total operating expenses $851,505 Income from operations $537,320 Other revenue 28,280 $565,600 Other expense (interest 152,000 Income before income tax $413,600 Income tax expense 49,600 Net income $364,000 328,130 $886,850 $393,860 25,140 $419,000 84,000 $335,000 40,000 $295,000 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2071 2012 2011 Assets Current assets Cash Marketable securities Accounts receivable (net) $444,490 672,730 423,400 $340,620 564,470 401,500 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2011 20Y2 2011 Assets Current assets Cash $340,620 564,470 401,500 $444,490 672,730 423,400 321,200 84,091 $1,945,911 1,220,059 2,090,000 $5,255,970 248,200 68,120 $1,622,910 454,406 1,881,000 $3,958,316 $589,670 $474,616 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, $20 par Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $0 $850,000 1,050,000 $1,900,000 $2,489,670 1,050,000 $1,050,000 $1,524,616 $340,000 390,000 2,036,300 $2,766,300 $5,255,970 $340,000 390,000 1,703,700 $2,433,700 $3,958,316 Preferred $0.70 stock, $20 par $340,000 $340,000 Common stock, $10 par 390,000 390,000 Retained earnings 2,036,300 1,703,700 Total stockholders' equity $2,766,300 $2,433,700 Total liabilities and stockholders' equity $5,255,970 $3,958,316 Required: 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 2. Current ratio 3. Quick ratio 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. Dividenda per share of common stock 18. Dividend yield %