1. The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 60 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			$1,169,325		$994,275
Net income			270,000		203,700
Total			$1,439,325		$1,197,975
Dividends:
	On preferred stock		$8,400		$8,400
	On common stock		20,250		20,250
		Total dividends	$28,650		$28,650
Retained earnings, December 31			$1,410,675		$1,169,325

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$1,768,425		$1,629,350
Cost of goods sold	635,100		584,290
Gross profit	$1,133,325		$1,045,060
Selling expenses	$388,940		$479,900
Administrative expenses	331,325		281,840
Total operating expenses	$720,265		$761,740
Income from operations	$413,060		$283,320
Other revenue	21,740		18,080
	$434,800		$301,400
Other expense (interest)	128,000		70,400
Income before income tax	$306,800		$231,000
Income tax expense	36,800		27,300
Net income	$270,000		$203,700

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			20Y2		20Y1
Assets
Current assets
	Cash		$377,440		$288,440
	Marketable securities		571,260		477,980
	Accounts receivable (net)		321,200		299,300
	Inventories		248,200		189,800
	Prepaid expenses		71,403		57,690
		Total current assets	$1,589,503		$1,313,210
Long-term investments			363,915		17,736
Property, plant, and equipment (net)			2,080,000		1,872,000
Total assets			$4,033,418		$3,202,946
Liabilities
Current liabilities			$512,743		$643,621
Long-term liabilities:
	Mortgage note payable, 8%		$720,000		$0
	Bonds payable, 8%		880,000		880,000
		Total long-term liabilities	$1,600,000		$880,000
Total liabilities			$2,112,743		$1,523,621
Stockholders' Equity
Preferred $0.70 stock, $20 par			$240,000		$240,000
Common stock, $10 par			270,000		270,000
Retained earnings			1,410,675		1,169,325
Total stockholders' equity			$1,920,675		$1,679,325
Total liabilities and stockholders' equity			$4,033,418		$3,202,946

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.

Times interest earned
Asset turnover
Return on total assets		%
Return on stockholders equity		%
Return on common stockholders equity		%
Earnings per share on common stock	$
Price-earnings ratio
Dividends per share of common stock	$
Dividend yield		%