Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 64 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2011 2012 2011 Retained earnings, January 1 $1,941,100 $1,649,500 Net income 444,000 337,800 Total $2,385,100 $1,987,300 Dividends: On preferred stock On common stock Total dividends $14,000 $14,000 32,200 32,200 $46,200 $46,200 Retained earnings, December 31 $2,338,900 $1,941, 100 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 20Y1 Sales $2,609.750 $2,404,520 Cost of goods sold 931,480 856,960 Gross profit $1,678,270 $1,547560 $557,170 $690,230 474,630 Selling expenses Administrative expenses Total operating expenses Income from operations 405,380 $1,031,800 $1,095,610 $646,470 $451.950 Other revenue 34,030 28,850 $480,800 Other expense (interest) $680,500 176,000 96,800 Income before income tax $504,500 $984,000 Income tax expense 60,500 46) 200 Net Income $444,000 $337 800 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2041 2042 20Y1 Assets Current assets Cash $513,050 $430,640 776,510 713,640 Marketable securities Accounts receivable (net) Inventories 489,100 459,900 365,000 277,400 Prepaid expenses 97,073 86,130 Total current assets $2,240,733 $1,967 710 Long-term investments 977 177 257573 Property, plant, and equipment (net) 2,860,000 2,574,000 Total assets $6,077 910 $4,799,283 Liabilities Current liabilities $679,010 $788,183 Long-term liabilities: Mortgage note payable, 8% $0 $990,000 1,210,000 $2,200,000 1 210,000 Bonds payable, 8% Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.70 stock, $20 par $1,210,000 $2,879,010 $1.998,183 $400,000 $400,000 Stockholders' Equity Preferred $0.70 stock, $20 par $400,000 Common stock, $10 par $400,000 460,000 Retained earnings 460,000 2,338,900 Total stockholders' equity 1,941,100 $3,198,900 Total liabilities and stockholders' equity $2,801,100 $4,799,283 $6,077,910 Required: Determine the following measures for 2012, 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 days 3. Quick ratio 4. Accounts receivable tumover 5. Number of days' sales in receivables 6. Inventory tumover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest eamed days Do 11. Asset turnover % 96 9 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 96