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Need answers from 10-18 please. Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of
Need answers from 10-18 please.
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 69 on December 31, 20Y2 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2OY1 20Y2 20Y1 658,500 134,900 793,400 Retained earnings, January 1 Net income Total Dividends: $ 777,000 182,400 $959,400 $5,600 10,800 16,400 777,000 $5,600 10,800 $16,400 $943,000 On preferred stock On common stoclk Total dividends Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2OY1 20Y1 20Y2 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue 1,185,520 402,230 $ 783,290 271,490 231,270 $502,760 280,530 14,770 295,300 88,000 207,300 24,900 $ 182,400 1,092,250 370,050 s 722,200 335,480 197,030 $532,510 $ 189,690 12,110 201,800 48,800 153,000 18,100 $ 134,900 Other expense (interest) Income before income tax Income tax expense Net income Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y1 20Y2 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses 251,160 380,140 219,000 160,600 47,520 $ 1,058,420 315,880 1,320,000 2,694,300 $ 181,690 301,090 204,400 116,800 36,340 840,320 21,240 1,188,000 2,049,560 Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities Current liabilities 322,560 311,300 Long-term liabilities: Mortgage note payable, 896 $0 610,000 610,000 932,560 $490,000 610,000 1,100,000 1,411,300 Bonds payable, 8% Total long-term liabilities Total liabilities Stockholders' Equity $ 160,000 180,000 777,000 $1,117,000 2,049,560 Preferred $0.70 stock, $20 par Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Required 160,000 180,000 943,000 $1,283,000 2,694,300 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 2. Current ratio 747,120 3.4 2.7 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-earnings ratio 17. Dividends per share of common stock 18. Dividend yield 5.6 65.2 days 2.9 125.9 days 1.2 2.1 3.4 0.5 6.81 % 14.21 % 98 % 9.8 7.0 0.6 871 % Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 69 on December 31, 20Y2 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2OY1 20Y2 20Y1 658,500 134,900 793,400 Retained earnings, January 1 Net income Total Dividends: $ 777,000 182,400 $959,400 $5,600 10,800 16,400 777,000 $5,600 10,800 $16,400 $943,000 On preferred stock On common stoclk Total dividends Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2OY1 20Y1 20Y2 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue 1,185,520 402,230 $ 783,290 271,490 231,270 $502,760 280,530 14,770 295,300 88,000 207,300 24,900 $ 182,400 1,092,250 370,050 s 722,200 335,480 197,030 $532,510 $ 189,690 12,110 201,800 48,800 153,000 18,100 $ 134,900 Other expense (interest) Income before income tax Income tax expense Net income Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y1 20Y2 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses 251,160 380,140 219,000 160,600 47,520 $ 1,058,420 315,880 1,320,000 2,694,300 $ 181,690 301,090 204,400 116,800 36,340 840,320 21,240 1,188,000 2,049,560 Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities Current liabilities 322,560 311,300 Long-term liabilities: Mortgage note payable, 896 $0 610,000 610,000 932,560 $490,000 610,000 1,100,000 1,411,300 Bonds payable, 8% Total long-term liabilities Total liabilities Stockholders' Equity $ 160,000 180,000 777,000 $1,117,000 2,049,560 Preferred $0.70 stock, $20 par Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Required 160,000 180,000 943,000 $1,283,000 2,694,300 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 2. Current ratio 747,120 3.4 2.7 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-earnings ratio 17. Dividends per share of common stock 18. Dividend yield 5.6 65.2 days 2.9 125.9 days 1.2 2.1 3.4 0.5 6.81 % 14.21 % 98 % 9.8 7.0 0.6 871 %Step by Step Solution
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