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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 61 on December 31, 20Y2. Marshall

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 61 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 $ 2,056,650 $ 1,746,650
Net income 454,400 357,700
Total $2,511,050 $ 2,104,350
Dividends:
On preferred stock $ 7,700 $ 7,700
On common stock 40,000 40,000
Total dividends $ 47,700 $ 47,700
Retained earnings, December 31 $ 2,463,350 $ 2,056,650

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $ 2,719,980 $ 2,506,060
Cost of goods sold 1,051,200 967,100
Gross profit $ 1,668,780 $ 1,538,960
Selling expenses $ 541,840 $ 668,950
Administrative expenses 461,560 392,870
Total operating expenses $1,003,400 $1,061,820
Income from operations $ 665,380 $ 477,140
Other revenue 35,020 30,460
$ 700,400 $ 507,600
Other expense (interest) 184,000 101,600
Income before income tax $ 516,400 $ 406,000
Income tax expense 62,000 48,300
Net income $ 454,400 $ 357,700

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 20Y1
Assets
Current assets
Cash $ 537,550 $ 415,010
Marketable securities 813,590 687,720
Accounts receivable (net) 518,300 489,100
Inventories 394,200 306,600
Prepaid expenses 101,707 83,000
Total current assets $ 2,365,347 $ 1,981,430
Long-term investments 1,111,018 160,320
Property, plant, and equipment (net) 2,990,000 2,691,000
Total assets $ 6,466,365 $ 4,832,750
Liabilities
Current liabilities $ 763,015 $ 566,100
Long-term liabilities:
Mortgage note payable, 8% $ 1,030,000 $ 0
Bonds payable, 8% 1,270,000 1,270,000
Total long-term liabilities $ 2,300,000 $ 1,270,000
Total liabilities $ 3,063,015 $ 1,836,100
Stockholders' Equity
Preferred $0.70 stock, $40 par $ 440,000 $ 440,000
Common stock, $10 par 500,000 500,000
Retained earnings 2,463,350 2,056,650
Total stockholders' equity $ 3,403,350 $ 2,996,650
Total liabilities and stockholders' equity $ 6,466,365 $ 4,832,750

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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