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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 $ 2,821,050 $ 2,378,450
Net income 642,400 487,100
Total $3,463,450 $ 2,865,550
Dividends:
On preferred stock $ 10,500 $ 10,500
On common stock 34,000 34,000
Total dividends $ 44,500 $ 44,500
Retained earnings, December 31 $ 3,418,950 $ 2,821,050


Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
   20Y2    20Y1
Sales $ 4,091,650 $ 3,769,800
Cost of goods sold 1,423,500 1,309,620
Gross profit $ 2,668,150 $ 2,460,180
Selling expenses $ 934,980 $ 1,138,450
Administrative expenses 796,470 668,620
Total operating expenses $1,731,450 $1,807,070
Income from operations $ 936,700 $ 653,110
Other revenue 49,300 41,690
$ 986,000 $ 694,800
Other expense (interest) 256,000 140,800
Income before income tax $ 730,000 $ 554,000
Income tax expense 87,600 66,900
Net income $ 642,400 $ 487,100


Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
   20Y2    20Y1
Assets
Current assets
Cash $ 715,750 $ 663,580
Marketable securities 1,083,300 1,099,650
Accounts receivable (net) 715,400 671,600
Inventories 540,200 408,800
Prepaid expenses 135,421 132,720
Total current assets $ 3,190,071 $ 2,976,350
Long-term investments 1,577,934 539,032
Property, plant, and equipment (net) 4,160,000 3,744,000
Total assets $ 8,928,005 $ 7,259,382
Liabilities
Current liabilities $ 1,029,055 $ 1,398,332
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 $ 4,229,055 $ 3,158,332
Stockholders' Equity
Preferred $0.70 stock, $40 par $ 600,000 $ 600,000
Common stock, $10 par 680,000 680,000
Retained earnings 3,418,950 2,821,050
Total stockholders' equity $ 4,698,950 $ 4,101,050
Total liabilities and stockholders' equity $ 8,928,005 $ 7,259,382

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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