Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 57 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 20Y1 Retained earnings, January 1 $ 2,341,975 511,200 $ 2,853,175 $ 1,989,625 407,500 Net income Total $ 2,397,125 Dividends $ 8,400 46,750 On preferred stock On common stock Total dividends Retained earnings, December 31 $ 8,400 46,750 $ 55,150 $ 2,798,025 $ 55,150 $ 2,341,975 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 20Y2 20Y1 Sales $ 2,998,475 $ 2,762,660 1,199,390 1,103,440 Cost of goods sold Gross profit $ 1,659,220 Selling expenses Administrative expenses $ 1,799,085 $ 566,800 482,835 $ 703,370 413,090 Total operating expenses 1,116,460 Income from operations $ 542,760 Other income 34,640 $ 577,400 1,049,635 $749,450 39,450 $ 788,900 208,000 $ 580,900 69,700 $ 511,200 Other expense (interest) 114,400 $ 463,000 Income before income tax Income tax expense 55,500 $ 407,500 Net income Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 Dec. 31, 2012 Dec. 31, 20Y1 Assets Current assets Cash $ 653,880 989,650 Marketable securities Accounts receivable (net) Inventories 584,000 438,000 123,706 Prepaid expenses $ 506,690 839,650 547,500 335,800 101,340 $ 2,330,980 312,331 3,042,000 $ 5,685,311 Total current assets $ 2,789,236 1,104,012 Long-term investments Property, plant, and equipment (net) 3,380,000 Total assets $ 7,273,248 Liabilities Current liabilities $ 845,223 $ 883,336 Long-term liabilities $o Mortgage note payable, 8 % Bonds payable, 8 % $ 1,170,000 1,430,000 $ 2,600,000 $ 3,445,223 Total long-term liabilities 1,430,000 $ 1,430,000 $ 2,313,336 Total liabilities Stockholders' Equity Preferred $ 0.70 stock, $ 40 par Common stock, $ 10 par $ 480,000 $ 480,000 550,000 Retained earnings 2,341,975 550,000 2,798,025 $ 3,828,025 $ 7,273,248 Total stockholders' equity $ 3,371,975 $5,685,311 Total liabilities and stockholders' equity 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. 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. 11. Asset turnover 12. Return on total assets 13. Return on stockholders' equity 14. Return on common stockholders' equity