Measures of liquidity, Solvency and Profitability

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 51 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			$ 2,448,575		$ 2,066,825
Net income			524,400		423,300
Total			$2,972,975		$ 2,490,125
Dividends:
	On preferred stock		$ 9,100		$ 9,100
	On common stock		32,450		32,450
		Total dividends	$ 41,550		$ 41,550
Retained earnings, December 31			$ 2,931,425		$ 2,448,575

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$ 3,942,000		$ 3,631,990
Cost of goods sold	1,312,540		1,207,540
Gross profit	$ 2,629,460		$ 2,424,450
Selling expenses	$ 974,680		$ 1,153,960
Administrative expenses	830,280		677,730
Total operating expenses	1,804,960		1,831,690
Income from operations	$ 824,500		$ 592,760
Other revenue	43,400		37,840
	$ 867,900		$ 630,600
Other expense (interest)	272,000		149,600
Income before income tax	$ 595,900		$ 481,000
Income tax expense	71,500		57,700
Net income	$ 524,400		$ 423,300

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			Dec. 31, 20Y2		Dec. 31, 20Y1
Assets
Current assets
	Cash		$ 720,320		$ 499,740
	Marketable securities		1,090,210		828,140
	Accounts receivable (net)		678,900		635,100
	Inventories		511,000		394,200
	Prepaid expenses		136,274		99,950
		Total current assets	$ 3,136,704		$ 2,457,130
Long-term investments			1,610,289		169,877
Property, plant, and equipment (net)			3,740,000		3,366,000
Total assets			$ 8,486,993		$ 5,993,007
Liabilities
Current liabilities			$ 1,045,568		$ 564,432
Long-term liabilities
	Mortgage note payable, 8 %		$ 1,530,000		$ 0
	Bonds payable, 8 %		1,870,000		1,870,000
		Total long-term liabilities	$ 3,400,000		$ 1,870,000
Total liabilities			$ 4,445,568		$ 2,434,432
Stockholders' Equity
Preferred $ 0.70 stock, $ 40 par			$ 520,000		$ 520,000
Common stock, $ 10 par			590,000		590,000
Retained earnings			2,931,425		2,448,575
Total stockholders' equity			$ 4,041,425		$ 3,558,575
Total liabilities and stockholders' equity			$ 8,486,993		$ 5,993,007

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	$
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. Dividends per share of common stock	$
18. Dividend yield		%