The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 65 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 2011 Retained earnings, January 1 $1,414,350 $1,202,350 Net income 325,600 246,300 Total $1,739,950 $1,448,650 Dividends: On preferred stock $10,500 $10,500 23,800 On common stock 23,800 Total dividends $34,300 $34,300 Retained earnings, December 31 $1,705,650 $1,414,350 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 2011 Sales $1,941,800 $1,789,090 Cost of goods sold 677,440 623,240 $1,264,360 $1,165,850 $427,280 $526,980 Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations 363,980 309,490 $791,260 $836,470 $473,100 $329,380 Other revenue 24,900 21,020 $498,000 $350,400 Other expense interest) 128,000 70,400 Income before income tax $370,000 $280,000 Income tax expense 44,400 33,700 Net income $325,600 $246,300 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2011 2012 2011 Assets Current assets Cash $323,450 $113,360 625,630 536,010 335,800 Marketable securities Accounts receivable (net) Inventories Prepaid expenses 357.700 262,800 204,400 78,199 64,690 Total current assets $1,737,689 799,016 Long term investments 51,461,350 379,231 1,728,000 $3,571,584 1,920,000 Property, plant, and equipment (net) Total assets $4,456,735 Liabilities Current liabilities $511,085 $637.234 Long-term liabilities: Mortgage note payable, 8% Ronds payable, % $720,000 $0 BA0,000 BA0,000 Total long term liabilities $880,000 $1,600,000 $2,111,085 Total liabilities $1,517,234 Stockholders' Equity Preferred $0.70 stock, $20 par Common stock, $10 par $300,000 $300,000 340,000 340,000 Retained carnings 1,705,650 1,414,350 Total stockholders' equity $2,345,650 52,054,350 Total liabilities and stockholders' equity $4,456,735 $3,571,584 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 requirement for subsequent requirement, if required. Assume 365 days a year, 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 $ 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables days 6. Inventory turnover 7. Number of days' sales in inventory days 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 %
