The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 2012 Marshall Inc Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 1 2012 2011 2 Retained earnings, lanuary 1 $3.704,000.00 $3.264,000.00 3 Net income 600,000.00 550,000.00 Total $4.504.000.00 53.814,000.00 3 Dividends: 5 On preferred stock $10,000.00 $10.000.00 On common stock 100,000.00 100.000.00 Total dividends $110.000.00 $110.000.00 $4.154.000.00 Hetained earning, December 31 33.704,000.00 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 20Y1 2012 $10.850,000.00 6,000,000.00 1 20Y1 2 Sales $10,000,000.00 1 Cost of goods sold 5.450,000.00 $4,550,000.00 + Gross profit $4,850,000.00 Selling expenses $2.170,000.00 $2,000,000.00 Administrative experses 1.500,000.00 1.627.500.00 $5,797.500.00 Total operating expenses $5.500,000.00 $1.050,000.00 Income from operations $1,052,500.00 Other revenue 99,500.00 20,000.00 $1.152.000.00 51.070,000.00 120.000,00 11 Other experie interesa 132,000.00 51.020,000.00 Income before income tax $950.000,00 Income tax expense 20,000.00 400,000.00 et income $600.000,00 5550,000.00 Marshall Inc Comparative Balance Sheet December 31, 20Y2 and 2041 20Y2 2011 2 Assets 3 Current assets: 4 Cash 51,050,000.00 $950,000.00 5 Marketable securities 301.000.00 120,000.00 Accounts receivable (net) 585,000.00 500.000.00 12 Inventories 420.000,00 380,000.00 Prepaid expenses 108,000.00 20,000.00 Total current assets $2.464.000.00 $2.270,000.00 800,000.00 10 Long term investments 11 Property plant and equipment (net) Totalt 800.000.00 5.184.000.00 5.760,000.00 $9.02.000.00 58.254,000.00 Liabilities 1 Current sites $10,000.00 $800.000,00 14 Current liabilities $880,000.00 $800,000.00 15 Long-term liabilities: 15 Mortgage note payable,6% $0.00 $200,000.00 3,000,000.00 27 3.000.000.00 Bonds payable.4% Total long term liabilities 18 $3,200,000.00 $3,000,000.00 $3,800,000.00 19 Total liabilities $4.080,000.00 20 Stockholders' Equity $250,000.00 11 Preferred 4% stock. 55 par zz Common stock. 55 par $250.000.00 500,000.00 500,000.00 33 Retained earnings 4.194,000.00 3704,000.00 14 Total stockholders'equity 54.944,000.00 54454,000.00 1 Total liabilities and stockholders' equity $9.024.000.00 58.254,000.00 Determine the following measures for 20 Y2 (round to one decimal place including percentages except for per share amounts) Working.capital 2. Cumentatio 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 Ratio of liabilities to stockholders' equity 9 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-eamingstatio 17 Dividends.Den share of common stock 18. Dividendiveld Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts) 1,584,000 28 2.2 20.0 18.3 15.07 18.3 x 1.87 1. Working Capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 8. Inventory tumover 7 Number of days soles 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 Dividends per share of common stock 18. Dividend yield 0.8 87
