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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 70 on December 31, 20Y2. Marshall

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 70 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 $ 3,327,700 $ 2,800,000
Net income 790,400 573,500
Total $4,118,100 $ 3,373,500
Dividends:
On preferred stock $ 9,800 $ 9,800
On common stock 36,000 36,000
Total dividends $ 45,800 $ 45,800
Retained earnings, December 31 $ 4,072,300 $ 3,327,700

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $ 4,599,000 $ 4,237,250
Cost of goods sold 1,708,200 1,571,540
Gross profit $ 2,890,800 $ 2,665,710
Selling expenses $ 944,300 $ 1,194,270
Administrative expenses 804,410 701,390
Total operating expenses 1,748,710 1,895,660
Income from operations $ 1,142,090 $ 770,050
Other revenue 60,110 49,150
$ 1,202,200 $ 819,200
Other expense (interest) 304,000 167,200
Income before income tax $ 898,200 $ 652,000
Income tax expense 107,800 78,500
Net income $ 790,400 $ 573,500

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
Dec. 31, 20Y2 Dec. 31, 20Y1
Assets
Current assets
Cash $ 932,600 $ 883,870
Marketable securities 1,411,500 1,464,690
Accounts receivable (net) 846,800 795,700
Inventories 642,400 496,400
Prepaid expenses 176,431 176,770
Total current assets $ 4,009,731 $ 3,817,430
Long-term investments 2,017,639 1,389,382
Property, plant, and equipment (net) 4,560,000 4,104,000
Total assets $ 10,587,370 $ 9,310,812
Liabilities
Current liabilities $ 1,215,070 $ 2,393,112
Long-term liabilities
Mortgage note payable, 8 % $ 1,710,000 $ 0
Bonds payable, 8 % 2,090,000 2,090,000
Total long-term liabilities $ 3,800,000 $ 2,090,000
Total liabilities $ 5,015,070 $ 4,483,112
Stockholders' Equity
Preferred $ 0.70 stock, $ 50 par $ 700,000 $ 700,000
Common stock, $ 10 par 800,000 800,000
Retained earnings 4,072,300 3,327,700
Total stockholders' equity $ 5,572,300 $ 4,827,700
Total liabilities and stockholders' equity $ 10,587,370 $ 9,310,812

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. Price-earnings ratio fill in the blank 16
2. Dividends per share of common stock $ fill in the blank 17
3. Dividend yield fill in the blank 18 %

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