Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 61 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 2012 2011 Retained earnings, January 1 $4,225,400 $3,568,800 Net income 963,600 731,000 Dividends: On preferred stock (12,600) (12,600) On common stock (61,800) (61,800) Retained earnings, December 31 $5,114,600 $4,225,400 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 2011 Sales $6,647,380 $6,124,590 Cost of merchandise sold 2,365,200 2,175,980 Gross profit $4,282,180 $3,948,610 Selling expenses $1,508,510 $1,841,530 Administrative expenses 1,285,020 1,081,540 Total operating expenses $2,793,530 $2,923,070 Income from operations $1,488,650 $1,025,540 Other revenue and expense: Other revenue 78,350 65,460 Other expense (interest) (472,000) (260,000) Income before income tax expense $1,095,000 $831,000 Income tax expense 131,400 100,000 Net income $963,600 $731,000 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 2012 20Y1 Assets Current assets: Cash $1,490,620 $862,770 Marketable securities 2,256,070 1,429,730 Accounts receivable (net) 1,182,600 1,109,600 Inventories 890,600 686,200 Prepaid expenses 282,008 172,550 Total current assets $6,101,898 $4,260,850 Long-term investments 2,201,762 290,455 Property, plant, and equipment (net) 6,490,000 5,841,000 Total assets $14,793,660 $10,392,305 Liabilities Current liabilities $1,849,060 $986,905 Long-term liabilities: Mortgage note payable, 8% $2,650,000 $0 Bonds payable, 8% 3,250,000 3,250,000 Total long-term liabilities $5,900,000 $3,250,000 Total liabilities $7,749,060 $4,236,905 Stockholders' Equity Preferred $0.70 stock, $50 par $900,000 $900,000 Common stock, $10 par 1,030,000 1,030,000 Retained earnings 5,114,600 4,225,400 Total stockholders' equity $7,044,600 $6,155,400 Total liabilities and stockholders' equity $14,793,660 $10,392,305 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. Retum 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 %