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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 59 on December 31, 20Y2.

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 59 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 $ 2,053,050 $ 1,727,050
Net income 441,600 353,700
Total $ 2,494,650 $ 2,080,750
Dividends
On preferred stock $ 7,700 $ 7,700
On common stock 20,000 20,000
Total dividends $ 27,700 $ 27,700
Retained earnings, December 31 $ 2,466,950 $ 2,053,050

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $ 2,719,980 $ 2,506,060
Cost of goods sold 1,051,200 967,100
Gross profit $ 1,668,780 $ 1,538,960
Selling expenses $ 549,330 $ 671,320
Administrative expenses 467,940 394,260
Total operating expenses 1,017,270 1,065,580
Income from operations $ 651,510 $ 473,380
Other income 34,290 30,220
$ 685,800 $ 503,600
Other expense (interest) 184,000 101,600
Income before income tax $ 501,800 $ 402,000
Income tax expense 60,200 48,300
Net income $ 441,600 $ 353,700

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
Dec. 31, 20Y2 Dec. 31, 20Y1
Assets
Current assets
Cash $ 512,920 $ 381,510
Marketable securities 776,310 632,230
Accounts receivable (net) 518,300 489,100
Inventories 394,200 306,600
Prepaid expenses 97,035 76,300
Total current assets $ 2,298,765 $ 1,885,740
Long-term investments 1,644,440 436,621
Property, plant, and equipment (net) 2,530,000 2,277,000
Total assets $ 6,473,205 $ 4,599,361
Liabilities
Current liabilities $ 766,255 $ 336,311
Long-term liabilities
Mortgage note payable, 8 % $ 1,030,000 $ 0
Bonds payable, 8 % 1,270,000 1,270,000
Total long-term liabilities $ 2,300,000 $ 1,270,000
Total liabilities $ 3,066,255 $ 1,606,311
Stockholders' Equity
Preferred $ 0.70 stock, $ 40 par $ 440,000 $ 440,000
Common stock, $ 10 par 500,000 500,000
Retained earnings 2,466,950 2,053,050
Total stockholders' equity $ 3,406,950 $ 2,993,050
Total liabilities and stockholders' equity $ 6,473,205 $ 4,599,361

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 %

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