Measures of liquidity,Solvency, andProfitability

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2.

Marshall Inc.

Comparative Retained Earnings Statement

For the Years Ended December 31, 20Y2 and 20Y120Y220Y1Retained earnings, January 1$3,704,000$3,264,000Net income600,000550,000Dividends: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, 20Y2 and 20Y120Y220Y1Sales$10,850,000$10,000,000Cost of merchandise sold6,000,0005,450,000Gross profit$4,850,000$4,550,000Selling expenses$2,170,000$2,000,000Administrative expenses1,627,5001,500,000Total operating expenses$3,797,500$3,500,000Income from operations$1,052,500$1,050,000Other revenue and expense:Other revenue99,50020,000Other expense (interest)(132,000)(120,000)Income before income tax expense$1,020,000$950,000Income tax expense420,000400,000Net income$600,000$550,000

Marshall Inc.

Comparative Balance Sheet

December 31, 20Y2 and 20Y120Y220Y1AssetsCurrent assets:Cash$1,050,000$ 950,000Marketable securities301,000420,000Accounts receivable (net)585,000500,000Inventories420,000380,000Prepaid expenses108,00020,000Total current assets$2,464,000$2,270,000Long-term investments800,000800,000Property, plant, and equipment (net)5,760,0005,184,000Total assets$9,024,000$8,254,000LiabilitiesCurrent liabilities$880,000$800,000Long-term liabilities:Mortgage note payable, 6%$200,000$0Bonds payable, 4%3,000,000$3,000,000Total long-term liabilities$3,200,000$3,000,000Total liabilities$4,080,000$3,800,000Stockholders' EquityPreferred 4% stock, $5 par$250,000$250,000Common stock, $5 par500,000500,000Retained earnings4,194,0003,704,000Total stockholders' equity$4,944,000$4,454,000Total liabilities and stockholders' equity$9,024,000$8,254,000

Required:

Determine the following measures for 20Y2,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$fill in the blank 1

2.Current ratiofill in the blank 2

3.Quick ratiofill in the blank 3

4.Accounts receivable turnoverfill in the blank 4

5.Number of days' sales in receivablesfill in the blank 5

days6.Inventory turnoverfill in the blank 6

7.Number of days' sales in inventoryfill in the blank 7

days8.Ratio of fixed assets to long-term liabilitiesfill in the blank 8

9.Ratio of liabilities to stockholders' equityfill in the blank 9

10.Times interest earnedfill in the blank 10

11.Asset turnoverfill in the blank 11

12.Return on total assetsfill in the blank 12

%13.Return on stockholders' equityfill in the blank 13

%14.Return on common stockholders' equityfill in the blank 14

%15.Earnings per share on common stock$fill in the blank 15

16.Price-earnings ratiofill in the blank 16

17.Dividends per shareof common stock$fill in the blank 17

18.Dividend yieldfill in the blank 18

%