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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 54 on December 31, 20Y2. Marshall

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 54 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 $1,804,725 $1,524,975
Net income 403,200 312,400
Dividends:
On preferred stock (13,300) (13,300)
On common stock (19,350) (19,350)
Retained earnings, December 31 $2,175,275 $1,804,725

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $2,496,600 $2,300,290
Cost of merchandise sold 882,570 811,960
Gross profit $1,614,030 $1,488,330
Selling expenses $562,650 $680,510
Administrative expenses 479,290 399,670
Total operating expenses $1,041,940 $1,080,180
Income from operations $572,090 $408,150
Other revenue and expense:
Other revenue 30,110 26,050
Other expense (interest) (144,000) (79,200)
Income before income tax expense $458,200 $355,000
Income tax expense 55,000 42,600
Net income $403,200 $312,400

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 20Y1
Assets
Current assets:
Cash $396,490 $416,340
Marketable securities 600,090 689,940
Accounts receivable (net) 430,700 401,500
Inventories 321,200 248,200
Prepaid expenses 75,002 83,270
Total current assets $1,823,482 $1,839,250
Long-term investments 1,570,013 864,714
Property, plant, and equipment (net) 1,980,000 1,782,000
Total assets $5,373,495 $4,485,964
Liabilities
Current liabilities $588,220 $881,239
Long-term liabilities:
Mortgage note payable, 8% $810,000 $0
Bonds payable, 8% 990,000 990,000
Total long-term liabilities $1,800,000 $990,000
Total liabilities $2,388,220 $1,871,239
Stockholders' Equity
Preferred $0.70 stock, $20 par $380,000 $380,000
Common stock, $10 par 430,000 430,000
Retained earnings 2,175,275 1,804,725
Total stockholders' equity $2,985,275 $2,614,725
Total liabilities and stockholders' equity $5,373,495 $4,485,964

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

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