The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 64 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 20Y1 Retained earnings, January 1 Net income 20Y2 20Y1 $2,722,700 $2,294,500 596,400 470,000 Dividends: On preferred stock (9,800) On common stock (32,000) (9,800) (32,000) Retained earnings, December 31 $3,277,300 $2,722,700 Sales Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 20Y1 Cost of merchandise sold Gross profit Selling expenses Administrative expenses Total operating expenses 20Y2 20Y1 $3,796,000 $3,497,460 1,561,470 1,436,550 $2,234,530 $2,060,910 $707,140 $885,490 602,380 520,050 $1,309,520 $1,405,540 $925,010 $655,370 Income from operations Other revenue and expense: Other revenue 48,690 41,830 Other expense (interest) (296,000) (163,200) Income before income tax expense $677,700 $534,000 Income tax expense 81,300 64,000 Net income $596,400 $470,000 Current assets: Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Comparative Balance Sheet December 31, 2012 and 20Y1 Assets 20Y2 20Y1 $916,230 $557,010 1,386,720 923,040 751,900 708,100 569,400 438,000 173,343 111,400 $3,797,593 $2,737,550 1,534,737 276,399 4,070,000 3,663,000 $9,402,330 $6,676,949 Liabilities $1,225,030 $714,249 Property, plant, and equipment (net) Total assets Current liabilities Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities $1,660,000 $0 2,040,000 2,040,000 $3,700,000 $2,040,000 $4,925,030 $2,754,249 Stockholders' Equity Preferred $0.70 stock, $40 par $560,000 $560,000 Common stock, $10 par 640,000 640,000 Retained earnings 3,277,300 2,722,700 Total stockholders' equity $4,477,300 $3,922,700 Total liabilities and stockholders' equity $9,402,330 $6,676,949 Required. 12. Return on total assets 0.1 X % 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 0.1 X % 0.1 X % %