The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.80 on December 31, 20Y2 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 1 Retained earnings, January 1 3 Net Income $3,692,000.00 629,000.00 $4,321,000.00 $3,262,000.00 540,000.00 $3,802,000.00 4 Total 5 Dividends: 6 On preferred stock On common stock 7 $10,000.00 100,000.00 $110,000.00 $4,211,000.00 $10,000.00 100,000.00 $110,000.00 $3,692,000.00 . Total dividends Retained earnings. December 31 Instructions Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2012 $10,860,000.00 6,000,000.00 1 2 Sales 1 Cost of goods sold 4 Gross profit $4,860,000.00 $2,160,000.00 1,627,500.00 Selling expenses Administrative expenses 1 Total operating expenses Income from operations Other income 20Y1 $10,000,000.00 5,460,000.00 $4,540,000.00 $2,000,000.00 1,500,000.00 $3,500,000.00 $1,040,000.00 20,000.00 $1,060,000.00 10 $3,787,500.00 $1,072,500.00 99,500.00 $1,172,000.00 135,000.00 $1.039,000.00 410,000.00 11 Other expense (Interest) 120,000.00 12 Income before income tax 15 Income tax expense $940,000.00 400,000.00 $540,000.00 14 Net Income $629,000.00 My world Determine the following measures for 2072 (round to one decimal place, including percentages, except for per-share amounts): Assume a 365-day year. 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales.in.Inventory. 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity. 10. Times Interesteamed 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 Instructions VW 15 Liabilities $863,000.00 $812,000.00 14 Current liabilities 15 Long-term liabilities: 16 Mortgage note payable, 6%, 17 Bonds payable,4%, $200,000.00 $0.00 3,000,000.00 3,000,000.00 18 Total long-term liabilities $3,200,000.00 $3,000,000.00 19 Total liabilities $4,063,000.00 $3,812,000.00 20 Stockholders' Equity $250,000.00 $250,000.00 21 Preferred 4% stock, 55 par 22 Common stock, $par 25 Retained earnings 500,000.00 500,000.00 4,211,000.00 $4,961,000.00 3,692,000.00 $4,442,000.00 24 Total stockholders' equity 25 Total liabilities and stockholders'equity $9,024,000.00 $8,254,000.00 Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts): Assume a 365-day year. 1. Working Capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 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 % % % TAZAMA Questions 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory tumover 7. Number of days' sales in inventory 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. Dividendo por share of common stock 18. Dividend yield %
