Measures of liquidity, Solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 2012 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 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 Retained earnings, December 31 $4,194,000 $3,704,000 Marshall Inc Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Sales $10,000,000 $10,850,000 6,000,000 Cost of merchandise sold 5,450,000 34,550.000 Gloss profit $4,850,000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2012 2011 Sales $10,850,000 $10,000,000 Cost of merchandise sold 6,000,000 5,450,000 $4,850,000 $4,550,000 Gross profit Selling expenses Administrative expenses $2,170,000 $2,000,000 1,500,000 1,627,500 Total operating expenses $3,797,500 $3,500,000 $1,052,500 $1,050,000 Income from operations Other revenue and expense: Other revenue 99,500 (132,000) 20,000 (120,000) Other expense (interest) Income before income tax expense $1,020,000 420,000 $950,000 400,000 Income tax expense Net income $600,000 $550,000 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 2012 2011 Assets Current assets: Cash $1,050,000 $ 950,000 Marketable securities 301,000 420,000 Accounts receivable (net) 585,000 500,000 Inventories 420,000 380,000 108,000 20,000 Prepaid expenses Total current assets $2,464,000 $2,270,000 800,000 Long-term investments 800,000 5,184,000 Property, plant, and equipment (net) Total assets Liabilities 5,760,000 $9,024,000 $8,254,000 $800,000 $800,000 Current liabilities Long-term liabilities: Mortgage note payable, 6% $200,000 $0 Bonds payable, 4% 3,000,000 $3,000,000 3,000,000 $3,000,000 $3,000,000 Bonds payable, 4% Total long-term liabilities Total liabilities Stockholders' Equity Preferred 4% stock, $5 par Common stock, $5 par $3,200,000 $4,080,000 $3,800,000 $250,000 $250,000 500,000 500,000 Retained eamings 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 Required: BOOK Determine the following measures for 2012, rounding to one decimal place, except 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 days 5. Number of day sales in receivable 6. Trventory 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 Interesteamed 11. Asset turnover 12. Return on total assets 9 13. Return on stockholders' equity 14. Return on common stockholders equity 56 15. Earnings be share on common stock 16. Price carings ratio 17 decem common inck 3. Quick ratio III 4. Accounts receivable tumover 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 bidhl 17. Dividends per share of common stock 18. Dividend yield %
