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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 53 on December 31, 20Y2.

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 53 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 $ 3,643,250 $ 3,089,750
Net income 772,800 632,800
Total $ 4,257,450 $ 3,722,550
Dividends
On preferred stock $ 10,500 $ 10,500
On common stock 68,800 68,800
Total dividends $ 79,300 $ 79,300
Retained earnings, December 31 $ 4,336,750 $ 3,643,250

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $ 4,474,170 $ 4,122,260
Cost of goods sold 1,708,200 1,571,540
Gross profit $ 2,765,970 $ 2,550,720
Selling expenses $ 895,360 $ 1,087,350
Administrative expenses 762,720 638,610
Total operating expenses 1,658,080 1,725,960
Income from operations $ 1,107,890 $ 824,760
Other income 58,310 52,640
$ 1,166,200 $ 877,400
Other expense (interest) 288,000 158,400
Income before income tax $ 878,200 $ 719,000
Income tax expense 105,400 86,200
Net income $ 772,800 $ 632,800

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
Dec. 31, 20Y2 Dec. 31, 20Y1
Assets
Current assets
Cash $ 731,010 $ 751,950
Marketable securities 1,106,390 1,246,100
Accounts receivable (net) 854,100 803,000
Inventories 642,400 496,400
Prepaid expenses 138,300 150,390
Total current assets $ 3,472,200 $ 3,447,840
Long-term investments 3,271,950 1,397,524
Property, plant, and equipment (net) 3,960,000 3,564,000
Total assets $ 10,704,150 $ 8,409,364
Liabilities
Current liabilities $ 1,157,400 $ 1,176,114
Long-term liabilities
Mortgage note payable, 8 % $ 1,620,000 $ 0
Bonds payable, 8 % 1,980,000 1,980,000
Total long-term liabilities $ 3,600,000 $ 1,980,000
Total liabilities $ 4,757,400 $ 3,156,114
Stockholders' Equity
Preferred $ 0.70 stock, $ 50 par $ 750,000 $ 750,000
Common stock, $ 10 par 860,000 860,000
Retained earnings 4,336,750 3,643,250
Total stockholders' equity $ 5,946,750 $ 5,253,250
Total liabilities and stockholders' equity $ 10,704,150 $ 8,409,364

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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