NEED EHAT IS WRONG OR MISSING
Print Item Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 60 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 Net income Total Dividends: $ 781,950 175,200 $957,150 $664,850 136,200 $801,050 On preferred stock On common stock Total dividends $ 5,600 13,500 $ 19,100 $938,050 s 5,600 13,500 $19,100 $781,950 Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y1 20Y2 $ 1,037,330 Sales 333,110 362,080 Cost of goods sold 675,250 $ 622,620 Gross profit Previ Check My Work 0 more Check My Work uses 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 Administrative expenses Total operating expenses Income from operations Other revenue $1,037,330 362,080 $ 675,250 $ 229,670 195,640 $425,310 $249,940 13,160 263,100 64,000 $ 199,100 23,900 $ 175,200 $ 955,730 333,110 $ 622,620 s 279,610 164,220 $443,830 $178,790 11,410 $ 190,200 35,200 $ 155,000 18,800 s 136,200 Other expense (interest) Income before income tax Income tax expense Net income Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y1 20Y2 eBook Print Item Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses $163,690 247,740 182,500 131,400 30,966 $756,296 504,194 1,040,000 $ 2,300,490 $196,890 326,260 175,200 102,200 39,380 $ 839,930 272,671 936,000 $2,048,601 Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities $ 222,440 Current llabilities $ 486,651 $360,000 440,000 $ 800,000 $1,022,440 s o 440,000 $ 440,000 $ 926,651 Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities Check My Work 0 more Check My Work uses remaining. Preferred $0.70 stock, $20 par 180,000 938,050 Retained earnings Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use t of the requirement for subsequent requirement, if required. Assume 365 days a year. 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in recelvables 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 53,856x 3.4 V 5.8 V 62.9 days 3.1 V 117.7 V days 1.3 V 0.8 4.1 0.5 8.11 x % 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 14.61 % 16.3)V% ( 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield Check My Work 0 more Check My Work uses remaining
