Measures of liquidity, solvency, and profitability.
The comparative financial statements of marshalls inc. are as follows. The market price of marshall common stock was 82.60 on December 31, 20Y2.
Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc are as follows. The market price of Marshall common stock was 582.60 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2011 2012 2011 Retained earnings, January 1 $3,704,000 $3,264,000 Net income $ 600,000 $ 550,000 Dividends: On preferred stock (10,000) (10,000) On common stock (100.000) (100,000) Increase in retained earnings $ 490,000 $ 440.000 Retained eamings, December 31 54,194.000 $3,704,000 Marshall Inc Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 2011 Sales $10,850,000 $10,000,000 Cost of goods sold (6.000.000 (5.450.000) Gross profit 54.850.000 34.550.000 Selling expenses $ 2.170.000) 5 (2.000.000 Administrative ox (1,627.300) (1.300.000) Total operating expenses 5(3.797,500) 3 (3.500.000 Operating income $ 1.052.500 $1,050.000 Other revenue and expert Other revenue 99.500 20.000 Other expensenteret (32.000) (120,000) Income before income tanie 51,020.000 3.950,000 Income taxes (420,000) (400,000) Not incang 5 600.000 $ 550,000 Determine the following measures for 2012. Round to one decimal place, including percentages, except for per share amounts, which should be rounded to the nearest cent 1. Working Capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover S. Number of days' sales in recevables 6. Inventory turnover 7. Number of days sales in inventory 8. Ratio of fored assets to long-term liabilities 9. Ratio of liabilities to stockholders equity 10. Times interest eamed 11. Aset tumover 12. Return on total se 15. Retum on stockholdersgoty 14. Return on common stockholders equity 15. Earnings or share on common stock 16. Price comingsrate 17 Dividends per share of common stock 18 Dividend yield Marshall Comparative Balance Sheet December 31, 2012 and 2041 20Y2 2011 Assets Current assets: Cash $1,050,000 $ 950,000 Marketable securities 301,000 420,000 Accounts receivable (net) 585,000 500,000 Inventories 420,000 380,000 Prepaid expenses 108,000 20,000 Total current assets $ 2,464,000 $2,270,000 Long-term investments 800,000 800,000 Property, plant, and equipment (net) 5,760,000 5,184,000 Total assets $ 9,024,000 $8,254,000 Liabilities Current liabilities $ 880,000 $ 800,000 Long-term liabilities: Mortgage note payable, 6% $ 200,000 $0 Bonds payable, 4% 3,000,000 3,000,000 Total long-term liabilities $ 3.200.000 $2.000.000 Total liabilities $ 4,080,000 $3.800.000 Stockholders' Equity Preferred 4% stock, 35 par $ 250,000 $ 250,000 Common stock, $5 par 500,000 500,000 Retained earnings 4.194.000 3,704,000 Total stockholders equity $ 4.944,000 $4,454.000 Total liabilities and stockholders' equity $9.024.000 $8,254,000 Determine the following measures for 2012. Round to one decimal place, including percentages
