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please help due in 2 hours and please answer 1-18 please help due in 2 hours please do 1-18 Measures of liquidity, solvency, and profitability
please help due in 2 hours and please answer 1-18
please help due in 2 hours please do 1-18
Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall care a foows. The market price of Marshall common stock was $2.60 on December 31, 2012 Marshall Inc. Comparative Retained Earnings Statement For the Year Ended December 31, 2012 and 2041 2012 2011 Retained earnings, January 1 53,704,000 $3,264,000 Net Income $ 600,000 $550.000 Dividends: On preferred stock (10,000) (10,000) On common stock (100,000) (100,000) Increase in retained earnings $ 490,000 $ 440,000 Reta ned earnings, December 31 54,194,000 $3,704,000 Marshall Inc. Comparative Income Statement For the Years inded December 31, 2012 and 2041 2012 2011 Sales $ 10,850,000 $10,000,000 Cost of goods sold (6,000,000) (5,450,000) Grow profit $4,050,000 34,550,000 Seing expenses (2.170,000) $12,000,000) Administrative expenses 11,627,500) 1,500,000) Total operating expenses (3.797,500) $1,500,000) $1,052,500 $1,050,000 Operating income Other revenue and expense: Other revenue Other expense interest) Income before income tax expense Income tax expense Net Income 99,500 (132,000) $ 1,020,000 (420,000) $ 600,000 20,000 (120,000) $950,000 4400,000) $ 550,000 2011 Step by Step Solution
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