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Measures of liquidity, The ability of a company to make its periodic interest payments and repay the face amount of debt at maturity.Solvency and The

Measures of liquidity, The ability of a company to make its periodic interest payments and repay the face amount of debt at maturity.Solvency and The ability of a firm to generate earnings.Profitability

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 55 on December 31, 20Y2.

Marshall Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Retained earnings, January 1 $ 3,110,750 $ 2,633,650
Net income 700,800 539,400
Total $3,811,550 $ 3,173,050
Dividends:
On preferred stock $ 11,200 $ 11,200
On common stock 51,100 51,100
Total dividends $ 62,300 $ 62,300
Retained earnings, December 31 $ 3,749,250 $ 3,110,750

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $ 4,597,175 $ 4,235,660
Cost of goods sold 1,651,260 1,519,160
Gross profit $ 2,945,915 $ 2,716,500
Selling expenses $ 1,005,770 $ 1,236,100
Administrative expenses 856,765 725,960
Total operating expenses 1,862,535 1,962,060
Income from operations $ 1,083,380 $ 754,440
Other revenue 57,020 48,160
$ 1,140,400 $ 802,600
Other expense (interest) 344,000 189,600
Income before income tax $ 796,400 $ 613,000
Income tax expense 95,600 73,600
Net income $ 700,800 $ 539,400

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
Dec. 31, 20Y2 Dec. 31, 20Y1
Assets
Current assets
Cash $ 1,019,710 $ 701,390
Marketable securities 1,543,340 1,162,300
Accounts receivable (net) 861,400 810,300
Inventories 642,400 496,400
Prepaid expenses 192,910 140,280
Total current assets $ 4,259,760 $ 3,310,670
Long-term investments 1,760,665 507,130
Property, plant, and equipment (net) 4,730,000 4,257,000
Total assets $ 10,750,425 $ 8,074,800
Liabilities
Current liabilities $ 1,331,175 $ 1,224,050
Long-term liabilities
Mortgage note payable, 8 % $ 1,930,000 $ 0
Bonds payable, 8 % 2,370,000 2,370,000
Total long-term liabilities $ 4,300,000 $ 2,370,000
Total liabilities $ 5,631,175 $ 3,594,050
Stockholders' Equity
Preferred $ 0.70 stock, $ 40 par $ 640,000 $ 640,000
Common stock, $ 10 par 730,000 730,000
Retained earnings 3,749,250 3,110,750
Total stockholders' equity $ 5,119,250 $ 4,480,750
Total liabilities and stockholders' equity $ 10,750,425 $ 8,074,800

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 Captial %

2. Current Ratio

3. Quick Ratio

4. Accounts receivable turnover

5. Number of days' sales in inventory

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. 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

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