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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 57 on December 31, 20Y2. Marshall

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 57 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 $4,139,900 $3,502,400
Net income 960,000 717,300
Dividends:
On preferred stock (11,900) (11,900)
On common stock (67,900) (67,900)
Retained earnings, December 31 $5,020,100 $4,139,900

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $6,568,175 $6,051,550
Cost of merchandise sold 2,201,680 2,025,550
Gross profit $4,366,495 $4,026,000
Selling expenses $1,564,350 $1,904,980
Administrative expenses 1,332,595 1,118,790
Total operating expenses $2,896,945 $3,023,770
Income from operations $1,469,550 $1,002,230
Other revenue and expense:
Other revenue 77,350 63,970
Other expense (interest) (456,000) (251,200)
Income before income tax expense $1,090,900 $815,000
Income tax expense 130,900 97,700
Net income $960,000 $717,300

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 20Y1
Assets
Current assets:
Cash $1,551,960 $927,030
Marketable securities 2,348,910 1,536,230
Accounts receivable (net) 1,146,100 1,080,400
Inventories 861,400 657,000
Prepaid expenses 293,604 185,410
Total current assets $6,201,974 $4,386,070
Long-term investments 1,322,236 155,667
Property, plant, and equipment (net) 6,840,000 6,156,000
Total assets $14,364,210 $10,697,737
Liabilities
Current liabilities $1,824,110 $1,597,837
Long-term liabilities:
Mortgage note payable, 8% $2,560,000 $0
Bonds payable, 8% 3,140,000 3,140,000
Total long-term liabilities $5,700,000 $3,140,000
Total liabilities $7,524,110 $4,737,837
Stockholders' Equity
Preferred $0.70 stock, $50 par $850,000 $850,000
Common stock, $10 par 970,000 970,000
Retained earnings 5,020,100 4,139,900
Total stockholders' equity $6,840,100 $5,959,900
Total liabilities and stockholders' equity $14,364,210 $10,697,737

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.

1. Working capital $fill in the blank 1
2. Current ratio fill in the blank 2
3. Quick ratio fill in the blank 3
4. Accounts receivable turnover fill in the blank 4
5. Number of days' sales in receivables fill in the blank 5 days
6. Inventory turnover fill in the blank 6
7. Number of days' sales in inventory fill in the blank 7 days
8. Ratio of fixed assets to long-term liabilities fill in the blank 8
9. Ratio of liabilities to stockholders' equity fill in the blank 9
10. Times interest earned fill in the blank 10
11. Asset turnover fill in the blank 11
12. Return on total assets fill in the blank 12 %
13. Return on stockholders equity fill in the blank 13 %
14. Return on common stockholders equity fill in the blank 14 %
15. Earnings per share on common stock $fill in the blank 15
16. Price-earnings ratio fill in the blank 16
17. Dividends per share of common stock $fill in the blank 17
18. Dividend yield fill in the blank 18 %

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