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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 70 on December 31, 20Y2. Marshall

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 70 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 $1,925,150 $1,619,750
Net income 456,000 331,700
Total $2,381,150 $1,951,450
Dividends:
On preferred stock $5,600 $5,600
On common stock 20,700 20,700
Total dividends $26,300 $26,300
Retained earnings, December 31 $2,354,850 $1,925,150

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $2,847,000 $2,623,040
Cost of goods sold 963,600 886,510
Gross profit $1,883,400 $1,736,530
Selling expenses $660,910 $813,430
Administrative expenses 563,000 477,730
Total operating expenses $1,223,910 $1,291,160
Income from operations $659,490 $445,370
Other revenue 34,710 28,430
$694,200 $473,800
Other expense (interest) 176,000 96,800
Income before income tax $518,200 $377,000
Income tax expense 62,200 45,300
Net income $456,000 $331,700

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 20Y1
Assets
Current assets
Cash $530,580 $499,510
Marketable securities 803,040 827,750
Accounts receivable (net) 489,100 459,900
Inventories 365,000 277,400
Prepaid expenses 100,385 99,900
Total current assets $2,288,105 $2,164,460
Long-term investments 1,400,110 936,712
Property, plant, and equipment (net) 2,420,000 2,178,000
Total assets $6,108,215 $5,279,172
Liabilities
Current liabilities $693,365 $1,284,022
Long-term liabilities:
Mortgage note payable, 8% $990,000 $0
Bonds payable, 8% 1,210,000 1,210,000
Total long-term liabilities $2,200,000 $1,210,000
Total liabilities $2,893,365 $2,494,022
Stockholders' Equity
Preferred $0.70 stock, $50 par $400,000 $400,000
Common stock, $10 par 460,000 460,000
Retained earnings 2,354,850 1,925,150
Total stockholders' equity $3,214,850 $2,785,150
Total liabilities and stockholders' equity $6,108,215 $5,279,172

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.

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
image text in transcribed
mine the following measures for 20Y2, rounding to one decimal place, except for dollar amoun rement for subsequent requirement, if required. Assume 365 days a year. Working capital $ 1,594,740 Current ratio 3.30 2.60 Quick ratio Accounts receivable turnover 60.80 days Number of days' sales in receivables Inventory turnover 121.67 days 1.74 0.90 3.94 Number of days' sales in inventory Ratio of fixed assets to long-term liabilities Ratio of liabilities to stockholders' equity 5. Times interest earned 1. Asset turnover 2. Return on total assets 3. Return on stockholders' equity 4. 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 1.14 %

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