The comparative financial statements of Marshall increasons. The market price of Marshall Inc. como stock was 51 on December 31, 2012 Marshall Inc Comparative Retained Earnings Statement For the Year End December 31, vaand 20 20E Retained earnings, January 1 $3,103,700 5 2,617,400 Net income 562.400 Total $ 3.766,100 $ 2.150.500 Dividends On preferred stock 59,100 3.100 On common stock 40.700 Total dividende 19000 50 Retained earnings, December 31 $ 3.716.300 53,101.700 Marshalline Comparative Income Statement For the Years Ended December 31, 2012 and 2011 20va 2013 $ 4,077,780 $ 3.757,050 Cost of goods sold 1.516.210 1,394,910 Gross proft $2,561,570 $2.362.140 Seing expenses $ 869,690 $ 1,046,490 Administrative expenses 741.620 614.500 Total operating expenses 1,610,910 1.661.00 Income from operations $ 950,660 5701.00 Other income 50,040 44.750 $1,000,700 Other expense interest) 248,000 1.800 Income before income tax $72,700 $ 69,500 Income tax expense 90,00 72.500 Net income $662.400 536.100 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2011 Dec 31, 2012 Assets Dec 31, 2011 Current assets $724660 5602,380 998,230 Marketable securities 554.500 $3,250.632 2,530,700 3,410,000 $9,191.340 423.400 120.400 52,837.990 1,014,944 3,069.000 56,921,934 $985.640 $ 718,234 Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities Current liabilities Long-term abilities Mortgage note payable, Bonds payable, 8 Total long-term liabilities Total liabilities Stockholders' Equity Preferred $ 0.70 stock, $ 50 par Common stock, $ 10 par Retained earnings Total stockholders' equity Total Babities and stockholders' equity Required: $ 1,390,000 1,710,000 $2,100,000 $ 4,085,640 50 1,710,000 $ 1.710.000 $ 2.428,234 $ 650,000 740.000 3,716,300 $ 5,106,300 $9,191,340 $ 650,000 740,000 3,103,700 $ 4,493,700 $ 6,921,934 Determine the following measures for 2012, 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, Required: Determine the following measures for 2012, 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 2,265,592 2. Current ratio 3.3 3. Quick ratio 2.6 4. Accounts receivable turnover 5.7 5. Number of days' sales in receivables days 64 6. Inventory turnover 7. Number of days' sales in inventory 3.1 * days 34 8. Ratio of fixed assets to long-term liabilities 4.3 * 9. Ratio of liabilities to stockholders' equity 33 10. Times interest earned 66 11. Asset turnover 10 12. Return on total Assets 13. Return on stockholders' equity % 34 * % 14. Return on common stockholders' equity 15. Earnings per share on common stock 43 $ * 234,234 * 234,266 $ * 16. Price-earnings ratio 17. Dividends per share of common stock 444,443 * % 93 18. Dividend yield
