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The comparative financial statemenst of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2. Determine the
The comparative financial statemenst of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2.
Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts):
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 2 Retained eamings, January 1 $3,704,000.00 $3,264,000.00 550,000.00 $4,304,000.00 3,814,000.00 Net income Total Dividends On preferred stock 600,000.00 7On common stock 8Total dividends 9 Retained eamings, December 31 $10,000.00 100,000.00 $110,000.00 $4,194,000.00 3,704,000.00 $10,000.00 100,000.00 $110,000.00 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 $10,850,000.00 $10,000,000.00 5,450,000.00 $4,850,000.00 $4,550,000.00 $2,170,000.00 $2,000,000.00 1,500,000.00 $3,797,500.00 $3,500,000.00 $1,052,500.00 $1,050,000.00 Sales 3Cost of goods sold 4 Gross profit Selling expenses 6 Administrative expenses 7 Total operating expenses 8 Income from operations 1,627,500.00Step by Step Solution
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