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please show work/calculations thank you! :) PR 17-4A Measures of liquidity, solvency, and profitability 183 OBL. 1.4.5 The comparative financial statements of Marshall Inc. are
please show work/calculations thank you! :)
PR 17-4A Measures of liquidity, solvency, and profitability 183 OBL. 1.4.5 The comparative financial statements of Marshall Inc. are as follows. The market price of Comparative Retained Earnings Statement Marshall I For the Years Ended December 31, 2012 and 2011 2012 Retained earnings, January 1 Net income..... Dividends 2011 $3,264.000 53.704,000 600,000 550.000 On preferred stock On common stock. (10,000) (10.000) Retained earnings, December 31... (100.000 (100.000) 54,194,000 $3,704.000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 Sales. 2012 2011 $10.850,000 $10,000,000 Cost of merchandise sold Gross profit... 5,450,000 6.000.000 Selling expenses 5.4.850.000 $.4.550.000 $ 2,170.000 $ 2.000.000 1,627,500 1.500.000 Administrative expenses. Total operating expenses. Income from operations. Other revenue and expense Other revenue $3.797.500 $3,500,000 $1,052.500 $ 1.050,000 Other expense interest) 99.500 20,000 Income before income tax expense. (132.000 Income tax expense... Net income.. $ 1.000.000 420,000 500,000 S (120.000) $ 950.000 400,000 $50,000 2012 2011 Current assets Cash $ 950,000 $1,050,000 301,000 420.000 585,000 500,000 420.000 380,000 108.000 20,000 $2,464,000 52.220.000 800,000 800,000 5,760.000 5.184,000 $9.024.000 58.254,000 $ 880.000 $ 800.000 $ 200,000 $ 3.000.000 3.000.000 $3,200,000 $3,000,000 $4,080.000 $1,800,000 $ 250,000 500,000 4,194,000 $ 250,000 500,000 1,704,000 $4,944,000 54,454,000 $9.024.000 $8,254,000 (Continued) Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2011 Assets Marketable securities Accounts receivable (net). Inventories. Prepaid expenses. Total current assets... Long-term investments. Property, plant, and equipment (net). Total assets. Current liabilities. Long-term liabilities: Mortgage note payable, 6% Bonds payable, 4%. Total long-term liabilities Total liabilities... Preferred 4% stock, 55 pat Common stock, $5 pec. Retained nemings Total stockholders' equity. Total liabilities and stockholders equity Liabilities Stockholders' Equity Financial Statement Analysis Instructions Determine the following measures for centages, except for per-share amounts: 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders' equity 14. Return on common stockholders' equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield 20Y1 rounding to one decimal place, including per Step by Step Solution
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