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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 8 2 . 6 0 on
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ on December Y
Marshall Inc.
Comparative Retained Earnings Statement
For the Years Ended December Y and Y
YY
Retained earnings, January $ $
Net income $ $
Dividends:
On preferred stock
On common stock
Increase in retained earnings $ $
Retained earnings, December $ $
Marshall Inc.
Comparative Income Statement
For the Years Ended December Y and Y
YY
Sales $ $
Cost of goods sold
Gross profit $ $
Selling expenses $ $
Administrative expenses
Total operating expenses $ $
Operating income $ $
Other revenue and expense:
Other revenue
Other expense interest
Income before income tax expense $ $
Income tax expense
Net income $ $
Marshall Inc.
Comparative Balance Sheet
December Y and Y
YY
Assets
Current assets:
Cash $ $
Marketable securities
Accounts receivable net
Inventories
Prepaid expenses
Total current assets $ $
Longterm investments
Property, plant, and equipment net
Total assets $ $
Liabilities
Current liabilities $ $
Longterm liabilities:
Mortgage note payable, $ $
Bonds payable,
Total longterm liabilities $ $
Total liabilities $ $
Stockholders Equity
Preferred stock, $ par $ $
Common stock, $ par
Retained earnings
Total stockholders equity $ $
Total liabilities and stockholders equity $ $
Determine the following measures for Y Round to one decimal place, including percentages, except for pershare amounts, which should be rounded to the nearest cent.
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