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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 64 on December 31, 20Y2. Marshall

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 64 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 $1,313,800 $1,116,700
Net income 284,000 228,700
Total $1,597,800 $1,345,400
Dividends:
On preferred stock $9,100 $9,100
On common stock 22,500 22,500
Total dividends $31,600 $31,600
Retained earnings, December 31 $1,566,200 $1,313,800

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $1,626,075 $1,498,220
Cost of goods sold 613,200 564,140
Gross profit $1,012,875 $934,080
Selling expenses $328,060 $400,390
Administrative expenses 279,455 235,150
Total operating expenses $607,515 $635,540
Income from operations $405,360 $298,540
Other revenue 21,340 19,060
$426,700 $317,600
Other expense (interest) 104,000 57,600
Income before income tax $322,700 $260,000
Income tax expense 38,700 31,300
Net income $284,000 $228,700

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 20Y1
Assets
Current assets
Cash $274,860 $284,090
Marketable securities 416,010 470,770
Accounts receivable (net) 306,600 284,700
Inventories 233,600 175,200
Prepaid expenses 52,002 56,820
Total current assets $1,283,072 $1,271,580
Long-term investments 854,088 308,831
Property, plant, and equipment (net) 1,690,000 1,521,000
Total assets $3,827,160 $3,101,411
Liabilities
Current liabilities $400,960 $507,611
Long-term liabilities:
Mortgage note payable, 8% $580,000 $0
Bonds payable, 8% 720,000 720,000
Total long-term liabilities $1,300,000 $720,000
Total liabilities $1,700,960 $1,227,611
Stockholders' Equity
Preferred $0.70 stock, $20 par $260,000 $260,000
Common stock, $10 par 300,000 300,000
Retained earnings 1,566,200 1,313,800
Total stockholders' equity $2,126,200 $1,873,800
Total liabilities and stockholders' equity $3,827,160 $3,101,411

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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