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 3,704,000.00 $3,264,000.00 550,000.00 $4,304,000.00 $3,814,000.00 2 Retained earnings, January 1 3 Net income 600,000.00 Total 5 Dividends: 6On preferred stock 7 On common stock 10,000.00 100,000.00 10,000.00 $11000000 4,194,000.00 $3,704,000.00 10,000.00 100,000.00 Total dividends 9Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y1 2 Sales 3Cost of goods sold 4 Gross profit 5 Selling expenses 6 Administrative expenses 7Total operating expenses 8 Income from operations 9 Other revenue 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 1,627500.00 1,500,000.00 $3,797,500.00 $3,500,000.00 $1,052,500.00 $1,050,000.00 20,000.00 1152,000.00 $1,070,000.00 120,000.00 950,000.00 6,000,000.00 99,500.00 10 11 Other expense (interest) 132,000.00 12 Income before income tax $1,020,000.00 13 Income tax expense 420,000.00 400,000.00 14 Net income $600,000.00 $550,000.00 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets 3 Current assets: 1050000.00$950,000.00 420,000.00 500,000.00 80,000.00 4 Cash 01,000.00 585,000.00 20,000.00 3 Marketable securities Accounts receivable (nt) 7 Inventories 8 Prepaid expenses 20,000.00 $2,464,000.00 $2,270,000.00 800,000.00 5,184,000.00 $9,024,000.00 $8,254,000.00 108,000.00 Total current assets 10 Long-term investments 11 Property,plant,and equipment (net) 2 Total assets 13 14 Current liabilities 15 Long-term liabilities 16 Mortgage note payable, 696, 800,000.00 5,760,000.00 Liabilities $880,000.00 800,000.00 $0.00 3,000,000.00 $3,200,000.00 $3,000,000.00 $4,080,000.00 $3,800,000.00 $200,000.00 3,000,000.00 Bonds payable, 496, 8 Total long-term liabilities 9 Total liabilities 20 Stockholders Equity 21 Preferred 496 stock, $5 par $250,000.00 $250,000.00 22 Common stock,$5 par 500,000.00 500,000.00 23 Retained earnings 24 Total stockholders' equity 25 Total liabilities and stockholders' equity 4,194,000.00 3,704,000.00 $4,944,000.00 $4,454,000.00 $9,024,000.00 $8,254,000.00 Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts) 1. Working capital 2. Current ratio 3. Quick ratio AAccounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts): 1. Working Capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 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 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield