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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 65 on December 31, 20Y2.

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 65 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

$ 2,815,650

$ 2,379,550

Net income

660,000

487,400

Total

$ 3,373,050

$ 2,866,950

Dividends

On preferred stock

$ 10,500

$ 10,500

On common stock

40,800

40,800

Total dividends

$ 51,300

$ 51,300

Retained earnings, December 31

$ 3,424,350

$ 2,815,650

Marshall Inc.

Comparative Income Statement

For the Years Ended December 31, 20Y2 and 20Y1

20Y2

20Y1

Sales

$ 3,814,250

$ 3,514,300

Cost of goods sold

1,470,950

1,353,270

Gross profit

$ 2,343,300

$ 2,161,030

Selling expenses

$ 749,300

$ 949,990

Administrative expenses

638,300

557,930

Total operating expenses

1,387,600

1,507,920

Income from operations

$ 955,700

$ 653,110

Other income

50,300

41,690

$ 1,006,000

$ 694,800

Other expense (interest)

256,000

140,800

Income before income tax

$ 750,000

$ 554,000

Income tax expense

90,000

66,600

Net income

$ 660,000

$ 487,400

Marshall Inc.

Comparative Balance Sheet

December 31, 20Y2 and 20Y1

Dec. 31, 20Y2

Dec. 31, 20Y1

Assets

Current assets

Cash

$ 683,070

$ 686,470

Marketable securities

1,033,840

1,137,580

Accounts receivable (net)

715,400

671,600

Inventories

540,200

408,800

Prepaid expenses

129,235

137,290

Total current assets

$ 3,101,745

$ 3,041,740

Long-term investments

1,676,520

633,138

Property, plant, and equipment (net)

4,160,000

3,744,000

Total assets

$ 8,938,265

$ 7,418,878

Liabilities

Current liabilities

$ 1,033,915

$ 1,563,228

Long-term liabilities

Mortgage note payable, 8 %

$ 1,440,000

$ 0

Bonds payable, 8 %

1,760,000

1,760,000

Total long-term liabilities

$ 3,200,000

$ 1,760,000

Total liabilities

$ 4,233,915

$ 3,323,228

Stockholders' Equity

Preferred $ 0.70 stock, $ 40 par

$ 600,000

$ 600,000

Common stock, $ 10 par

680,000

680,000

Retained earnings

3,424,350

2,815,650

Total stockholders' equity

$ 4,704,350

$ 4,095,650

Total liabilities and stockholders' equity

$ 8,938,265

$ 7,418,878

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

$

  1. Current ratio

  1. Quick ratio

  1. Accounts receivable turnover

  1. Number of days' sales in receivables

days

  1. Inventory turnover

  1. Number of days' sales in inventory

days

  1. Ratio of fixed assets to long-term liabilities

  1. Ratio of liabilities to stockholders' equity

  1. Times interest earned

  1. Asset turnover

  1. Return on total assets

%

  1. Return on stockholders equity

%

  1. Return on common stockholders equity

%

  1. Earnings per share on common stock

$

  1. Price-earnings ratio

  1. Dividends per share of common stock

$

  1. Dividend yield

%

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