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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

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 $ 60 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 $ 4,208,500 $ 3,537,700 Net income 976,800 724,600 Total $ 5,185,300 $ 4,262,300 Dividends On preferred stock $ 12,600 $ 12,600 On common stock 41,200 41,200 Total dividends $ 53,800 $ 53,800 Retained earnings, December 31 $ 5,131,500 $ 4,208,500 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $ 5,715,900 $ 5,266,320 Cost of goods sold 1,947,640 1,791,830 Gross profit $ 3,768,260 $ 3,474,490 Selling expenses $ 1,288,960 $ 1,589,270 Administrative expenses 1,098,000 933,380 Total operating expenses 2,386,960 2,522,650 Income from operations $ 1,381,300 $ 951,840 Other income 72,700 60,760 $ 1,454,000 $ 1,012,600 Other expense (interest) 344,000 189,600 Income before income tax $ 1,110,000 $ 823,000 Income tax expense 133,200 98,400 Net income $ 976,800 $ 724,600 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Current assets Cash $ 991,030 $ 1,083,000 Marketable securities 1,499,940 1,794,680 Accounts receivable (net) 1,014,700 956,300 Inventories 759,200 584,000 Prepaid expenses 187,490 216,600 Total current assets $ 4,452,360 $ 4,634,580 Long-term investments 3,098,340 2,025,265 Property, plant, and equipment (net) 5,160,000 4,644,000 Total assets $ 12,710,700 $ 11,303,845 Liabilities Current liabilities $ 1,349,200 $ 2,795,345 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 $ 5,649,200 $ 5,165,345 Stockholders' Equity Preferred $ 0.70 stock, $ 50 par $ 900,000 $ 900,000 Common stock, $ 10 par 1,030,000 1,030,000 Retained earnings 5,131,500 4,208,500 Total stockholders' equity $ 7,061,500 $ 6,138,500 Total liabilities and stockholders' equity $ 12,710,700 $ 11,303,845 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 %

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