Measures of liquidity, Solvency, and Prontability The comparative financial statements of Marshalt Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 202, 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 2011 2012 2011 Sales $10,850,000 $10,000,000 Cost of merchandise sold 5,450,000 6,000,000 $4,850,000 Gross profit Selling expenses Administrative expenses $2,170,000 $4,550,000 $2,000,000 1,500,000 1,627,500 . AAAA eBook Print nem $9,024,000 $8,254,000 Total assets $880,000 $800,000 $0 Liabilities Current liabilities Long term liabilities: Mortgage note payable, 6% Bonds payable, 4% Total long-term liabilities Total liabilities $3,000,000 $200,000 3,000,000 $3,200,000 $4,080,000 $3,000,000 $3,800,000 Stockholders' Equity Preferred 4% stock, $5 par Common stock, $5 par $250,000 500,000 4,194,000 $4,944,000 $9,024,000 $250,000 500,000 3,704,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $4,454,000 $8,254,000 Required: 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 1,584,000 2. Current ratio 2.8 3. Quick ratio 2.2 20 4. Accounts receivable turnover Check My Work more Check My Work uses remaining Previous eBook Print item 1. Working capital 1,584,000 2. Current ratio 2.8 2.2 3. Quick ratio 4. Accounts receivable turnover 20 days days 5. Number of days' sales in receivables 6. Inventory turnover 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 earned 11. Asset turnover 12. Return on total assets % 13. Retum 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 % Feedback Check My Work