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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 60 on December 31, 20Y2. Marshall

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 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 $3,865,200 $3,249,900
Net income 900,000 665,700
Dividends:
On preferred stock (14,000) (14,000)
On common stock (36,400) (36,400)
Retained earnings, December 31 $4,714,800 $3,865,200

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $5,599,100 $5,158,700
Cost of merchandise sold 1,949,100 1,793,170
Gross profit $3,650,000 $3,365,530
Selling expenses $1,265,780 $1,557,930
Administrative expenses 1,078,260 914,980
Total operating expenses $2,344,040 $2,472,910
Income from operations $1,305,960 $892,620
Other revenue and expense:
Other revenue 68,740 56,980
Other expense (interest) (352,000) (193,600)
Income before income tax expense $1,022,700 $756,000
Income tax expense 122,700 90,300
Net income $900,000 $665,700

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 20Y1
Assets
Current assets:
Cash $1,106,920 $906,920
Marketable securities 1,675,350 1,502,890
Accounts receivable (net) 978,200 919,800
Inventories 730,000 569,400
Prepaid expenses 209,418 181,380
Total current assets $4,699,888 $4,080,390
Long-term investments 1,787,232 723,782
Property, plant, and equipment (net) 5,720,000 5,148,000
Total assets $12,207,120 $9,952,172
Liabilities
Current liabilities $1,382,320 $1,956,972
Long-term liabilities:
Mortgage note payable, 8% $1,980,000 $0
Bonds payable, 8% 2,420,000 2,420,000
Total long-term liabilities $4,400,000 $2,420,000
Total liabilities $5,782,320 $4,376,972
Stockholders' Equity
Preferred $0.70 stock, $40 par $800,000 $800,000
Common stock, $10 par 910,000 910,000
Retained earnings 4,714,800 3,865,200
Total stockholders' equity $6,424,800 $5,575,200
Total liabilities and stockholders' equity $12,207,120 $9,952,172

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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