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			$ 1,416,550		$ 1,204,250
Net income			321,200		246,600
Total			$ 1,737,750		$ 1,450,850
Dividends
	On preferred stock		$ 10,500		$ 10,500
	On common stock		23,800		23,800
		Total dividends	$ 34,300		$ 34,300
Retained earnings, December 31			$ 1,703,450		$ 1,416,550

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$ 1,916,615		$ 1,765,870
Cost of goods sold	635,100		584,290
Gross profit	$ 1,281,515		$ 1,181,580
Selling expenses	$ 447,320		$ 542,100
Administrative expenses	381,045		318,380
Total operating expenses	828,365		860,480
Income from operations	$ 453,150		$ 321,100
Other income	23,850		20,500
	$ 477,000		$ 341,600
Other expense (interest)	112,000		61,600
Income before income tax	$ 365,000		$ 280,000
Income tax expense	43,800		33,400
Net income	$ 321,200		$ 246,600

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			Dec. 31, 20Y2		Dec. 31, 20Y1
Assets
Current assets
	Cash		$ 363,600		$ 348,650
	Marketable securities		550,320		577,760
	Accounts receivable (net)		335,800		313,900
	Inventories		248,200		189,800
	Prepaid expenses		68,788		69,730
		Total current assets	$ 1,566,708		$ 1,499,840
Long-term investments			1,111,502		772,314
Property, plant, and equipment (net)			1,540,000		1,386,000
Total assets			$ 4,218,210		$ 3,658,154
Liabilities
Current liabilities			$ 474,760		$ 831,604
Long-term liabilities
	Mortgage note payable, 8 %		$ 630,000		$ 0
	Bonds payable, 8 %		770,000		770,000
		Total long-term liabilities	$ 1,400,000		$ 770,000
Total liabilities			$ 1,874,760		$ 1,601,604
Stockholders' Equity
Preferred $ 0.70 stock, $ 20 par			$ 300,000		$ 300,000
Common stock, $ 10 par			340,000		340,000
Retained earnings			1,703,450		1,416,550
	Total stockholders' equity		$ 2,343,450		$ 2,056,550
Total liabilities and stockholders' equity			$ 4,218,210		$ 3,658,154

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	1091948
2. Current ratio	3.30
3. Quick ratio	fill in the blank 3
4. Accounts receivable turnover	fill in the blank 4
5. Number of days' sales in receivables	fill in the blank 5	days
6. Inventory turnover	2.90
7. Number of days' sales in inventory	fill in the blank 7	days
8. Ratio of fixed assets to long-term liabilities	1.10
9. Ratio of liabilities to stockholders' equity	0.80
10. Times interest earned	fill in the blank 10
11. Asset turnover	fill in the blank 11
12. Return on total assets	fill in the blank 12	%
13. Return on stockholders equity	fill in the blank 13	%
14. Return on common stockholders equity	fill in the blank 14	%
15. Earnings per share on common stock	9.14
16. Price-earnings ratio	6.56
17. Dividends per share of common stock	$ fill in the blank 17
18. Dividend yield