Using the infromation, find number 12- Return on total assets %
Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 2011 $2,561,175 $2,160,925 Retained earnings, January 1 Net income 560,000 442,600 Dividends: On preferred stock (7,700) (7,700) On common stock (34,650) (34,650) Retained earnings, December 31 $3,078,825 $2,561,175 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 20Y1 20Y2 20Y1 Sales $3,409,830 $3,141,620 Cost of merchandise sold 1,185,520 1,090,680 Gross profit $2,224,310 $2,050,940 Selling expenses $755,640 $918,410 Administrative expenses 643,690 539,390 $1,399,330 $1,457,800 Total operating expenses Income from operations $824,980 $593,140 Other revenue and expense: Other revenue 37,860 43,420 (232,000) Other expense (interest) Income before income tax expense (128,000) $636,400 $503,000 Income tax expense 76,400 60,400 Net income $560,000 $442,600 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2011 2012 20Y1 Assets Current assets: $685,950 $490,360 1,038,190 812,590 Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses 649,700 613,200 365,000 481,800 129,778 98,070 Total current assets $2,985,418 1,916,350 $2,379,220 552,749 2,871,000 $5,802,969 Long-term investments Property, plant, and equipment (net) Total assets Liabilities 3,190,000 $8,091,768 Current liabilities $932,943 $461,794 $0 Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities $1,300,000 1,600,000 1,600,000 $1,600,000 $2,900,000 $3,832,943 $2,061,794 $550,000 $550,000 Stockholders' Equity Preferred $0.70 stock, $50 par Common stock, $10 par Retained earnings Total stockholders' equity 630,000 630,000 3,078,825 2,561,175 $4,258,825 $3,741,175 Total liabilities and stockholders' equity $8,091,768 $5,802,969 Determine the following manures for 2012, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cont. Use the rounded answer of the requirement for subsequent requirement required. Assume 365 days a yea 1. Working capital 2,052,475 2. Current 3.2 3. Quick 2.5 4. Account chi tumove 5.4 5. Number of days 67.6 days 6. mentory tumo 2.5 7. Number of 130.4 days 3. Ratio totam 1.1 0.9 10. The 3.7 11. Antes 0.5 12. turno 9.7 X 13. Method 14.0 16.0 8.77 15. Cha 16. Pero 7.2 17. Dividends of common stod 0.55 18. Odendy 0.9 1