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Marshall Inc. Comparative Balance Sheet Measures of liquidity, Solvency, and Protitability. The comparative financial statements of Marshall Inc, are as follows. The market price of Marshall common stock was $55 on December 31,20y2. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 \begin{tabular}{|c|c|c|} \hline & 20Y2 & 20Y1 \\ \hline Sales & $1,872,450 & $1,725,220 \\ \hline Cost of merchandise sold & 654,080 & 601,750 \\ \hline Gross profit & $1,218,370 & $1,123,470 \\ \hline Selling expenses & $397,320 & $500,280 \\ \hline Administrative expenses & 338,450 & 293,810 \\ \hline Total operating expenses & $735,770 & $794,090 \\ \hline Income from operations & $482,600 & $329,380 \\ \hline \multicolumn{3}{|l|}{ Other revenue and expense: } \\ \hline Other revenue & 25,400 & 21,020 \\ \hline Other expense (interest) & (128,000) & (70,400) \\ \hline Income before income tax expense & $380,000 & $280,000 \\ \hline Income tax expense & 45,600 & 34,000 \\ \hline Net income & $334,400 & $246,000 \\ \hline \end{tabular} Stockholders' Equity Preferred $0.70 stock, $20 par Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{rr} $300,000 & $300,000 \\ 340,000 & 340,000 \\ 1,709,200 & 1,410,800 \\ \hline$2,349,200 & $2,050,800 \\ \hline$4,463,480 & $3,793,663 \\ \hline \end{tabular} subsequent requirement, if required. Assume 305 das a res. 1. wank capte 2. Corant ines 3. Quick tatio 6. Inventary purnower. 10. Timies misreateanod 11. Nact Murtwon 16. Finateaminger aso 17. Diwidends be shart of commen stick 18. Divitend vield Marshall Inc. Comparative Balance Sheet Measures of liquidity, Solvency, and Protitability. The comparative financial statements of Marshall Inc, are as follows. The market price of Marshall common stock was $55 on December 31,20y2. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 \begin{tabular}{|c|c|c|} \hline & 20Y2 & 20Y1 \\ \hline Sales & $1,872,450 & $1,725,220 \\ \hline Cost of merchandise sold & 654,080 & 601,750 \\ \hline Gross profit & $1,218,370 & $1,123,470 \\ \hline Selling expenses & $397,320 & $500,280 \\ \hline Administrative expenses & 338,450 & 293,810 \\ \hline Total operating expenses & $735,770 & $794,090 \\ \hline Income from operations & $482,600 & $329,380 \\ \hline \multicolumn{3}{|l|}{ Other revenue and expense: } \\ \hline Other revenue & 25,400 & 21,020 \\ \hline Other expense (interest) & (128,000) & (70,400) \\ \hline Income before income tax expense & $380,000 & $280,000 \\ \hline Income tax expense & 45,600 & 34,000 \\ \hline Net income & $334,400 & $246,000 \\ \hline \end{tabular} Stockholders' Equity Preferred $0.70 stock, $20 par Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{rr} $300,000 & $300,000 \\ 340,000 & 340,000 \\ 1,709,200 & 1,410,800 \\ \hline$2,349,200 & $2,050,800 \\ \hline$4,463,480 & $3,793,663 \\ \hline \end{tabular} subsequent requirement, if required. Assume 305 das a res. 1. wank capte 2. Corant ines 3. Quick tatio 6. Inventary purnower. 10. Timies misreateanod 11. Nact Murtwon 16. Finateaminger aso 17. Diwidends be shart of commen stick 18. Divitend vield