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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 64 on December 31, 20Y2. Marshall

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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 64 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $ 2,832,550 $ 2,385,150 Net income 616,000 488,500 Total $3,448,550 $ 2,873,650 Dividends: On preferred stock $ 10,500 $ 10,500 On common stock 30,600 30,600 Total dividends $ 41,100 $ 41,100 Retained earnings, December 31 $ 3,407,450 $ 2,832,550 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 20Y1 Sales $ 3,744,900 $ 3,450,330 Cost of goods sold 1,376,050 1,265,970 Gross profit $ 2,368,850 $ 2,184,360 Selling expenses $ 788,750 $ 964,100 Administrative expenses 671,900 566,210 Total operating expenses 1,460,650 1,530,310 Income from operations $ 908,200 $ 654,050 Other revenue 47,800 41,750 $ 956,000 $ 695,800 Other expense interest) 256,000 140,800 Other expense (interest) 256,000 140,800 Income before income tax $ 700,000 $ 555,000 Income tax expense 84,000 66,500 Net income $ 616,000 $ 488,500 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Current assets Cash $ 779,270 $ 598,460 Marketable securities 1,179,430 991,730 Accounts receivable (net) 715,400 671,600 Inventories 540,200 408,800 Prepaid expenses 147,427 119,690 Total current assets $ 3,361,727 $ 2,790,280 Long-term investments 1,384,428 271,277 Property, plant, and equipment (net) 4,160,000 3,744,000 Total assets $ 8,906,155 $ 6,805,557 Liabilities Current liabilities $ 1,018,705 $ 933,007 Long-term liabilities Mortgage note payable, 8 % $ 1,440,000 $ 0 Bonds payable, 8 % 1,760,000 1,760,000 Total long-term liabilities $ 3,200,000 $ 1,760,000 Total liabilities $ 4,218,705 $ 2,693,007 Stockholders' Equity Preferred $ 0.70 stock, $ 40 par $ 600,000 $ 600,000 Common stock, $ 10 par 680,000 680,000 Retained earnings 3,407,450 2,832,550 Total stockholders' equity $ 4,687,450 $ 4,112,550 Total liabilities and stockholders' equity $ 8,906,155 $ 6,805,557 Liabilities Liabilities Current liabilities $ 1,018,705 $933,007 Long-term liabilities $ 1,440,000 $0 Mortgage note payable, 8 % Bonds payable, 8 % 1,760,000 1,760,000 Total long-term liabilities $ 3,200,000 $ 1,760,000 Total liabilities $ 4,218,705 $ 2,693,007 Stockholders' Equity Preferred $ 0.70 stock, $ 40 par $ 600,000 $ 600,000 Common stock, $ 10 par 680,000 680,000 Retained earnings 3,407,450 2,832,550 Tatal stockholders' equity $ 4,687,450 $ 4,112,550 Tatal liabilities and stockholders' equity S 9,906,155 $ 6,805,557 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 days 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory tumover 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 eamed 11. Asset turnover 12. Return on total assets 96 13. Rebum on stockholders' equity 14. Retum on common stockholders' equity 9 15. Eamings per share on common stock $ 16. Price-earnings ratio 17. Dividends per share of common stock $ 18. Dividend yield 96

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