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Word Ascension Living PP counting 2 bryand my sharepoint.com Read eBook Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 63 on December 31, 2012 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 2011 Retained earnings, January 1 $3,894,000 $3,301,700 Net Income 876,000 676,300 Total $4,770,000 $3,978,000 Dividends: $11,200 $11,200 On preferred stock 72,800 72,800 On common stock $84,000 $84,000 Total dividends $4,686,000 $3,894,000 Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 631 PM du 6/16/2021 LL eBook Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 20Y2 2011 Sales $4,631,120 $4,266,850 Cost of goods sold 1,817,700 1,672,280 Gross profit $2,813,420 $2,594,570 Selling expenses $848,500 $1,077,320 Administrative expenses 722,800 632,710 Total operating expenses $1,571,300 $1,710,030 Income from operations $1,242,120 $884,540 Other revenue 65,380 56,460 $1,307,500 $941,000 312,000 172,000 Other expense (Interest) $995,500 $769,000 Income before income tax 119,500 92,700 Income tax expense 5876,000 $676,300 Net income Marshall Inc. 632 PM 6/16/2021 DI E e n prise TO * Pandemic Negative. cu Quick Answers fo.. e Intext Citation. AP Word Ascension Living PP. Apollo Web Portal Rese eBook Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2011 20Y2 20Y1 Assets Current assets Cash $711,410 $934, 140 Marketable securities 1,076,720 1,548,000 Accounts receivable (net) 919,800 861,400 Inventories 686,200 525,600 134,590 186,830 Prepaid expenses $3,528,720 $4,055,970 Total current assets 3,304,080 1,624,635 Long-term investments 4,680,000 4.212,000 Property, plant, and equipment (net) $11,512.800 $9,892,605 Total assets Liabilities $1,216,800 $2,138,605 Current liabilities Long-term liabilities: Mortgage note payable, 8% $1,750,000 50 2,150,000 2,150,000 Bonds payable, 8% 6:32 PM 16/2001 BE g rch eBook Liabilities Current liabilities $1,216,800 $2,138,605 Long-term liabilities: Mortgage note payable, 8% $1,750,000 $0 Bonds payable, 8% 2,150,000 2,150,000 Total long-term liabilities $3,900,000 $2,150,000 Total liabilities $5,116,800 $4,288,605 Stockholders' Equity Preferred $0.70 stock, $50 par $800,000 $800,000 Common stock, $10 par 910,000 910,000 Retained earnings 4,686,000 3,894,000 $6,396,000 $5,604,000 Total stockholders' equity $11,512,800 $9,892,605 Total liabilities and stockholders' equity Required: Determine the following measures for 2012, 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 2,311,920 1. Working capital 2.9 2. Current ratio 2.2 632 PM 3. Quick ratio 6/16/2024 E RE e g eBook 4. Accounts receivable turnover 5.2 5. Number of days sales in receivables 70.2 days 6. Inventory turnover 3 7. Number of days' sales in Inventory 121.7 days 8. Ratio of fixed assets to long-term liabilities 1.2 9. Ratio of liabilities to stockholders' equity 0.8 10. Times Interest earned 4.2 11. Asset turnover 0.4 12. Return on total assets 11.1 13. Return on stockholders equity 14.6 %
