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need all the RIGHT answers Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of
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Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 65 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 2012 $1,698,500 374,400 52,072.900 2011 $1.435,800 294,100 $1,729.900 Retained earnings, January Net income Total Dividends: On preferred stock On common stock Total dividends Retained earnings, December 31 $11.900 19.500 $31.400 $2,041,500 $11.900 19.500 $31.400 51.698.500 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 $2,227,230 854.100 $1,373,130 $445.240 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue 379,270 $524,510 $548,620 25,880 2011 $2,052,060 785,770 $1,266,290 $550,220 323,150 $873,370 5392.920 25.000 $418,000 54,000 5334,000 39.900 $294,100 Other expense interest) Income before income tax Income tax expense Net income $577.500 152.000 $425.500 51,100 $374,400 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2041 2012 2011 Assets Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 2012 2011 Assets Current assets Cash $472,190 5353.920 Marketable securities 754,670 586,500 Accounts receivable net) 423.000 401.500 Inventories 321,200 248,200 Prepaid expenses 89.330 70,780 Total current assets 2.020,790 $1,660,900 Long-term investments 965.000 338,064 Property, plant, and woment (net) 2.280,000 2,052,000 Total assets $4,050,964 Liabilities Current liabilities 5594,350 5572.464 Long-term abilities Mortgage note payable, $850.000 30 Bonds payable, 8% 1,050,000 1,050,000 Total long-term sabes $1.900.000 $5,050,000 Totallaties $2.454.350 $1,622,464 Stockholders' Equity Preferred 50.70 stock, 520 par 5340,000 $340,000 Common stock, $10 par 390.000 390,000 Retained earnings 2,041,500 1,695,500 Total stockholders' equity $2,771,500 52.428,500 Total liblibes and stockholderi cenity $5,265,850 14,050,964 Required: Determine the following measures for 2012, 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 1,241,904 2. Current 3.4 3. Oube 23 5.54242 5. mer of direct days 6. Try tumor 3 7. Tumber of days sein 125 Gays 1.9 X 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 capital 1,241,904 X 3.4 2.8 x 5.54242 x 66 X days 3 126 X days 1.9 X 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 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. Return on stockholders' equity 14. Return on common stockholders' equity 15. Earnings per Share on common stock 16. Price-camnings ratio 17. Dividends per share of common stock 18. Dividend yield 0.8 x 4.2 x 0.47 X 0.12 X % 13.9 X % 13.5 X % 9.6 x 7 0.75 X 1.1 X % Step by Step Solution
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