1. 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
   Retained earnings, January 1	$3,704,000		$3,264,000
   Net income	600,000		550,000
   Dividends:
   On preferred stock	(10,000)		(10,000)
   On common stock	(100,000)		(100,000)
   Retained earnings, December 31	$4,194,000		$3,704,000

   Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1
   	20Y2		20Y1
   Sales	$10,850,000		$10,000,000
   Cost of merchandise sold	6,000,000		5,450,000
   Gross profit	$4,850,000		$4,550,000
   Selling expenses	$2,170,000		$2,000,000
   Administrative expenses	1,627,500		1,500,000
   Total operating expenses	$3,797,500		$3,500,000
   Income from operations	$1,052,500		$1,050,000
   Other revenue and expense:
   Other revenue	99,500		20,000
   Other expense (interest)	(132,000)		(120,000)
   Income before income tax expense	$1,020,000		$950,000
   Income tax expense	420,000		400,000
   Net income	$600,000		$550,000

   Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1
   	20Y2		20Y1
   Assets
   Current assets:
   Cash	$1,050,000		$ 950,000
   Marketable securities	301,000		420,000
   Accounts receivable (net)	585,000		500,000
   Inventories	420,000		380,000
   Prepaid expenses	108,000		20,000
   Total current assets	$2,464,000		$2,270,000
   Long-term investments	800,000		800,000
   Property, plant, and equipment (net)	5,760,000		5,184,000
   Total assets	$9,024,000		$8,254,000
   Liabilities
   Current liabilities	$880,000		$800,000
   Long-term liabilities:
   Mortgage note payable, 6%	$200,000		$0
   Bonds payable, 4%	3,000,000		$3,000,000
   Total long-term liabilities	$3,200,000		$3,000,000
   Total liabilities	$4,080,000		$3,800,000
   Stockholders' Equity
   Preferred 4% stock, $5 par	$250,000		$250,000
   Common stock, $5 par	500,000		500,000
   Retained earnings	4,194,000		3,704,000
   Total stockholders' equity	$4,944,000		$4,454,000
   Total liabilities and stockholders' equity	$9,024,000		$8,254,000

   Required:

   Determine the following measures for 20Y2, rounding to one decimal place, except 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 5days
   6. Inventory turnover	fill in the blank 6
   7. Number of days' sales in inventory	fill in the blank 7days
   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%