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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 55 on December 31, 20Y2. Marshall

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 55 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 $ 3,606,075 $ 3,058,225
Net income 806,400 626,400
Total $4,412,475 $ 3,684,625
Dividends:
On preferred stock $ 13,300 $ 13,300
On common stock 65,250 65,250
Total dividends $ 78,550 $ 78,550
Retained earnings, December 31 $ 4,333,925 $ 3,606,075

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $ 5,015,100 $ 4,620,700
Cost of goods sold 1,651,260 1,519,160
Gross profit $ 3,363,840 $ 3,101,540
Selling expenses $ 1,198,620 $ 1,438,520
Administrative expenses 1,021,040 844,840
Total operating expenses $2,219,660 $2,283,360
Income from operations $ 1,144,180 $ 818,180
Other revenue 60,220 52,220
$ 1,204,400 $ 870,400
Other expense (interest) 288,000 158,400
Income before income tax $ 916,400 $ 712,000
Income tax expense 110,000 85,600
Net income $ 806,400 $ 626,400

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 20Y1
Assets
Current assets
Cash $ 700,230 $ 781,760
Marketable securities 1,059,800 1,295,480
Accounts receivable (net) 861,400 810,300
Inventories 642,400 496,400
Prepaid expenses 132,476 156,350
Total current assets $ 3,396,306 $ 3,540,290
Long-term investments 3,018,759 1,206,557
Property, plant, and equipment (net) 4,320,000 3,888,000
Total assets $ 10,735,065 $ 8,634,847
Liabilities
Current liabilities $ 1,171,140 $ 1,418,772
Long-term liabilities:
Mortgage note payable, 8% $ 1,620,000 $ 0
Bonds payable, 8% 1,980,000 1,980,000
Total long-term liabilities $ 3,600,000 $ 1,980,000
Total liabilities $ 4,771,140 $ 3,398,772
Stockholders' Equity
Preferred $0.70 stock, $40 par $ 760,000 $ 760,000
Common stock, $10 par 870,000 870,000
Retained earnings 4,333,925 3,606,075
Total stockholders' equity $ 5,963,925 $ 5,236,075
Total liabilities and stockholders' equity $ 10,735,065 $ 8,634,847

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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