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Please help 12. 14. 15. 16. 17. The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was

Please help 12. 14. 15. 16. 17.

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 58 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 $1,942,000 $1,631,800
Net income 420,000 334,200
Dividends:
On preferred stock (5,600) (5,600)
On common stock (18,400) (18,400)
Retained earnings, December 31 $2,338,000 $1,942,000

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $2,609,750 $2,404,520
Cost of merchandise sold 931,480 856,960
Gross profit $1,678,270 $1,547,560
Selling expenses $571,130 $692,600
Administrative expenses 486,510 406,770
Total operating expenses $1,057,640 $1,099,370
Income from operations $620,630 $448,190
Other revenue and expense:
Other revenue 32,670 28,610
Other expense (interest) (176,000) (96,800)
Income before income tax expense $477,300 $380,000
Income tax expense 57,300 45,800
Net income $420,000 $334,200

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 20Y1
Assets
Current assets:
Cash $436,790 $397,260
Marketable securities 661,080 658,320
Accounts receivable (net) 489,100 459,900
Inventories 365,000 277,400
Prepaid expenses 82,630 79,450
Total current assets $2,034,600 $1,872,330
Long-term investments 1,181,600 120,327
Property, plant, and equipment (net) 2,860,000 2,574,000
Total assets $6,076,200 $4,566,657
Liabilities
Current liabilities $678,200 $554,657
Long-term liabilities:
Mortgage note payable, 8% $990,000 $0
Bonds payable, 8% 1,210,000 1,210,000
Total long-term liabilities $2,200,000 $1,210,000
Total liabilities $2,878,200 $1,764,657
Stockholders' Equity
Preferred $0.70 stock, $50 par $400,000 $400,000
Common stock, $10 par 460,000 460,000
Retained earnings 2,338,000 1,942,000
Total stockholders' equity $3,198,000 $2,802,000
Total liabilities and stockholders' equity $6,076,200 $4,566,657

Required:

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 1356400
2. Current ratio 3
3. Quick ratio 2.3
4. Accounts receivable turnover 5.5
5. Number of days' sales in receivables 66.4 days
6. Inventory turnover 2.9
7. Number of days' sales in inventory 125.9 days
8. Ratio of fixed assets to long-term liabilities 1.3
9. Ratio of liabilities to stockholders' equity 0.9
10. Times interest earned 3.7
11. Asset turnover 0.5
12. Return on total assets ? %
13. Return on stockholders equity 14 %
14. Return on common stockholders equity ? %
15. Earnings per share on common stock ?
16. Price-earnings ratio ?
17. Dividends per share of common stock 0.4
18. Dividend yield 0.7 %

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