sionLocator=&inprogress=false eBook Calculator Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 62 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2011 2012 Retained earnings, January 1 $ 3,012,600 Net income $ 3,572,800 851,200 Total 617,000 $ 3,629,600 $ 4,424,000 Dividends On preferred stock $ 13,300 $ 13,300 On common stock 43,500 Total dividends 43,500 $ 56,800 $ 4,367,200 Retained earnings, December 31 $ 56,800 $ 3,572,800 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 any Next > Check My World 2:51 PM WILLO Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2012 2011 Sales $ 4,235,660 Cost of goods sold 1,571,540 Gross profit $ 4,597,175 1,708,200 $ 2,888,975 $ 916,080 Selling expenses Administrative expenses $ 2,664,120 $ 1,169,460 686,820 Total operating expenses Income from operations 780,365 1,696,445 1,856,280 $ 807,840 Other income $ 1,192,530 62,770 51,560 $ 1,255,300 $ 859,400 Other expense (interest) 288,000 158,400 Income before income tax $ 957 300 $ 701,000 Income tax expense 116,100 84,000 Net income S851 200 $ 612 000 Marshall Inc. Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 Dec. 31, 2012 Dec. 31, 2011 Assets Current assets Cash $ 817,420 $ 965,850 1,237,180 Marketable securities Accounts receivable (net) 1,600,560 810,300 861,400 Inventories 642,400 496,400 Prepaid expenses 154,656 193,170 Total current assets $ 3.713,056 $ 4,066,280 2,761,904 1,963,487 Long-term investments Property, plant and equipment (net) 4,320,000 3,888,000 Total assets $ 10.794.960 $9.912,767 Liabilities Current liabilities $ 11971760 $ 2.734,967 Long-term liabilities Mortgage note payable ! $ 1.620.000 $0 inn ANA Check My Week payable, 8 % $ 1,620,000 $0 Bonds payable, 8 % 1,980,000 1,980,000 Total long-term liabilities $3,600,000 $ 1,980,000 Total liabilities $ 4,797,760 $ 4,714,967 Stockholders' Equity Preferred $ 0.70 stock, $ 40 par $760,000 $760,000 Common stock, $ 10 par 870,000 870,000 Retained earnings 4,367,200 3,572,800 Total stockholders' equity $ 5,997,200 $5,202,800 Total liabilities and stockholders' equity $ 10,794,960 $ 9,917,767 Required: Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year. 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables days Check My Work Previous No 0 2. Current ratio 3. Quick ratio 4. Accounts receivable tumover 5. Number of days' sales in receivables days 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities days 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 96 15. Earnings per share on common stock $ 16. Price earnings ratio 17. Dividends pertine of common stock S 18. Dividend ved
