The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 52 on December 31, 2012.) Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 Retained earnings, January 1 Net income Total Dividends: On preferred stock On common stock Total dividends Retained earnings, December 31 20Y2 20Y1 $2,453,000 $2,077,800 524,400 425,600 $2,977,400 $2,503,400 $9,100 $9,100 41,300 41,300 $50,400 $2,927,000 $50,400 $2,453,000 Sales Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 20Y1 20Y1 $3,329,250 2012 $3,613,500 Cost of goods sold 1,267,280 1,165,900 Gross profit $2,346,220 $2,163,350 Selling expenses $821,730 $987,700 Administrative expenses 699,990 580,070 Total operating expenses $1,521,720 Income from operations $824,500 $1,567,770 $595,580 Other revenue 43,400 38,020 $867.900 1633.600 $867,900 $633,600 Other expense (interest) 272,000 149,600 Income before income tax $595,900 $484,000 Income tax expense 71,500 58,400 Net income $524,400 $425,600 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 20Y1 Assets Current assets Cashi Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments 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 2012 20Y1 $676,410 $463,970 1,023,750 768,870 678,900 635,100 511,000 394,200 127,970 92,790 $3,018,030 $2.354,930 1,719,670 22,799 3,740,000 3,366,000 $8,477,700 $5,743,729 Liabilities $1,040,700 $310,729 $1,530,000 50 1,870,000 $3,400,000 1,870,000 $1,870,000 $4,440,700 $2,100,729 Stockholders' Equity Preferred $0.70 stock, $40 par $520,000 $520,000 Common stock. $10 par 590,000 590,000 Retained eamings 2,927,000 2,453,000 Total stockholders' equity Total liabilities and stockholders' equity $4,037,000 $8,477,700 $3,563,000 $5,743,729 Required: Determine the following measures for 2012, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requir days a year 1. Working capital 2. Current ratio : 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventary turnover 7. Number of days sales in inventory 1,977,330 V 2.9 1.3 X 5.5 days 2.8 V days 8. Ratio of fixed assets to long-term abilities 9. Ratio of liabilities to stockholders' equity 1.1 10. Times redeamed 11. Asset turnover 12. Ratu on total assets 13. Return on stockholders' equity 14. Retiam on common stockholders equity 15. Tamings per share en common stock 16. Price earnings ratie 17. Oividends per share of common stock 18. Dividend vid