PLEASE HELP NEEDED ASAP!!!

PLEASE HELP NEEDED ASAP!!!

PLEASE HELP NEEDED ASAP!!!

1. eBook

   Print Item

   Question Content Area

   Measures of liquidity, Solvency, and Profitability

   The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 67 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			$1,698,175		$1,443,625
   Net income			384,800		295,700
   Total			$2,082,975		$1,739,325
   Dividends:
   	On preferred stock		$11,900		$11,900
   	On common stock		29,250		29,250
   		Total dividends	$41,150		$41,150
   Retained earnings, December 31			$2,041,825		$1,698,175

   Marshall Inc.
   Comparative Income Statement
   For the Years Ended December 31, 20Y2 and 20Y1
   	20Y2		20Y1
   Sales	$2,148,025		$1,979,120
   Cost of goods sold	783,290		720,630
   Gross profit	$1,364,735		$1,258,490
   Selling expenses	$442,860		$549,330
   Administrative expenses	377,245		322,630
   Total operating expenses	$820,105		$871,960
   Income from operations	$544,630		$386,530
   Other revenue	28,670		24,670
   	$573,300		$411,200
   Other expense (interest)	136,000		75,200
   Income before income tax	$437,300		$336,000
   Income tax expense	52,500		40,300
   Net income	$384,800		$295,700

   Marshall Inc.
   Comparative Balance Sheet
   December 31, 20Y2 and 20Y1
   			20Y2		20Y1
   Assets
   Current assets
   	Cash		$388,970		$392,160
   	Marketable securities		588,710		649,860
   	Accounts receivable (net)		401,500		379,600
   	Inventories		306,600		233,600
   	Prepaid expenses		73,584		78,430
   		Total current assets	$1,759,364		$1,733,650
   Long-term investments			1,359,921		811,764
   Property, plant, and equipment (net)			1,870,000		1,683,000
   Total assets			$4,989,285		$4,228,414
   Liabilities
   Current liabilities			$517,460		$860,239
   Long-term liabilities:
   	Mortgage note payable, 8%		$760,000		$0
   	Bonds payable, 8%		940,000		940,000
   		Total long-term liabilities	$1,700,000		$940,000
   Total liabilities			$2,217,460		$1,800,239
   Stockholders' Equity
   Preferred $0.70 stock, $20 par			$340,000		$340,000
   Common stock, $10 par			390,000		390,000
   Retained earnings			2,041,825		1,698,175
   Total stockholders' equity			$2,771,825		$2,428,175
   Total liabilities and stockholders' equity			$4,989,285		$4,228,414

   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	$fill in the blank 1
   2. Current ratio	fill in the blank 2
   3. Quick ratio	fill in the blank 3
   4. Accounts receivable turnover	fill in the blank 4
   5. Number of days' sales in receivables	fill in the blank 5	days
   6. Inventory turnover	fill in the blank 6
   7. Number of days' sales in inventory	fill in the blank 7	days
   8. Ratio of fixed assets to long-term liabilities	fill in the blank 8
   9. Ratio of liabilities to stockholders' equity	fill in the blank 9
   10. Times interest earned	fill in the blank 10
   11. Asset turnover	fill in the blank 11
   12. Return on total assets	fill in the blank 12	%
   13. Return on stockholders equity	fill in the blank 13	%
   14. Return on common stockholders equity	fill in the blank 14	%
   15. Earnings per share on common stock	$fill in the blank 15
   16. Price-earnings ratio	fill in the blank 16
   17. Dividends per share of common stock	$fill in the blank 17
   18. Dividend yield	fill in the blank 18	%