Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 69 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 20Y1 Retained earnings, January 1 $3,090,875 $2,608,025 Net income 729,600 534,200 Total $3,820,475 $3,142,225 Dividends: On preferred stock $11,200 40,150 $11,200 40,150 On common stock Total dividends $51,350 $3,769,125 $51,350 $3,090,875 Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $4,597,175 $4,235,660 1,623,930 Cost of goods sold 1,765,140 Gross profit $2,832,035 $2,611,730 Selling expenses $927,500 $1,173,650 Administrative expenses 790,095 689,280 Total operating expenses $1,717,595 $1,862,930 Income from operations $1,114,440 $748,800 Other revenue 47,800 58,660 $1,173,100 344,000 $796,600 189,600 Other expense (interest) Income before income tax $607,000 $829,100 99,500 Income tax expense 72,800 Net income $729,600 $534,200 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets Cash $720,730 $995,530 1,506,750 Marketable securities 1,194,360 810,300 Accounts receivable (net) 861,400 Inventories 642,400 496,400 Prepaid expenses 188,338 144,150 Total current assets $4,194,418 $3,365,940 Long-term investments Property, plant, and equipment (net) 1,867,745 4,730,000 586,667 4,257,000 Total assets $10,792,163 $8,209,607 Liabilities Current liabilities $1,353,038 $1,378,732 Long-term liabilities: Mortgage note payable, 8% $1,930,000 $0 Bonds payable, 8% 2,370,000 2,370,000 Total long-term liabilities $4,300,000 $2,370,000 Total liabilities $5,653,038 $3,748,732 Stockholders' Equity Stockholders' Equity $640,000 $640,000 Preferred $0.70 stock, $40 par Common stock, $10 par 730,000 730,000 Retained earnings 3,769,125 3,090,875 Total stockholders' equity $5,139,125 $4,460,875 Total liabilities and stockholders' equity $10,792,163 $8,209,607 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