Measures of liquldity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 58 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 Net income Total Dividends s 2,715,300 604,800 $3,249,300 s 2,283,100 467,600 $ 2,750,700 On preferred stock On common stock Total dividends $9,800 25,600 s 35,400 $ 3,284,700 $9,800 25,600 35,400 s 2,715,300 Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales Cost of goods sold Gross profit Selling expenses $ 3,876,300 1,403,060 s 2,473,240 $ 855,740 $3,571,400 1,290,820 $ 2,280,580 $ 1,041,300 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 3,876,300 1,403,060 20Y1 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses 3,571,400 1,290,820 $2,473,240 $ 2,280,580 $855,740 $1,041,300 728,970 1,584,710 $ 888,530 611,550 1,652,850 >Income from operations s 627,730 Other income Other expense (interest) Income before income tax Income tax expense Net income 46,770 935,300 248,000 $687,300 82,500 40,070 667,800 136,800 $531,000 63,400 $ 467,600 604,800 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y:1 Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Current assets Cash $737,510 $ 642,030 1,063,920 635,100 394,200 128,410 Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets 1,116,240 678,900 511,000 139,532 $ 3,183,182 1,617,748 3,720,000 $ 8,520,930 s 2,863,660 772,865 3,348,000 6,984,525 Liabilities Current liabilities s 936,230 $ 1,359,225 Long-term liabilities Mortgage note payable, 8 % 1,390,000 1,710,000 $ 3,100,000 s4,036,230 s o 1,710,000 s1,710,000 Bonds payable, 8 % Total long-term liabilities Total liabilities $3,069,225 Stockholders Equity Preferred $ 0.70 stock, $40 par $560,000 s 560,000 Check My Work 3 more Check My Work uses remaining Stockholders Equity Preferred $0.70 stock, $ 40 par Common stock, $ 10 par Retained earnings 560,000 640,000 3,284,700 s 4,484,700 s 8,520,930 560,000 640,000 2,715,300 $ 3,915,300 $6,984,525 Total stockholders' equity Total liabilities and stockholders' equity Required Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest ce If required. Assume 365 days a year 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover S. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory days days B. Ratio of fixed assets to long-term liabilities 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 Required: Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which should be rounded to the ne If required. Assume 365 days a year 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts recelvable turnover 5. Number of days' sales in receivables 6. Inventory turnover days 7. Number of days' sales in inventory days 8. Ratio of fixed assets to long-term liabilities 9. Ratio of iabilities 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 vield