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Measures of liquidity, Solvency, and Profitability

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 55 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			$1,412,500		$1,205,100
Net income			334,400		246,800
Total			$1,746,900		$1,451,900
Dividends:
	On preferred stock		$10,500		$10,500
	On common stock		28,900		28,900
		Total dividends	$39,400		$39,400
Retained earnings, December 31			$1,707,500		$1,412,500

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$2,031,225		$1,871,500
Cost of goods sold	792,050		728,690
Gross profit	$1,239,175		$1,142,810
Selling expenses	$392,130		$502,040
Administrative expenses	334,045		294,850
Total operating expenses	$726,175		$796,890
Income from operations	$513,000		$345,920
Other revenue	27,000		22,080
	$540,000		$368,000
Other expense (interest)	160,000		88,000
Income before income tax	$380,000		$280,000
Income tax expense	45,600		33,200
Net income	$334,400		$246,800

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			20Y2		20Y1
Assets
Current assets
	Cash		$370,860		$341,310
	Marketable securities		561,300		565,610
	Accounts receivable (net)		394,200		372,300
	Inventories		292,000		219,000
	Prepaid expenses		70,165		68,260
		Total current assets	$1,688,525		$1,566,480
Long-term investments			841,225		94,212
Property, plant, and equipment (net)			2,400,000		2,160,000
Total assets			$4,929,750		$3,820,692
Liabilities
Current liabilities			$582,250		$668,192
Long-term liabilities:
	Mortgage note payable, 8%		$900,000		$0
	Bonds payable, 8%		1,100,000		1,100,000
		Total long-term liabilities	$2,000,000		$1,100,000
Total liabilities			$2,582,250		$1,768,192
Stockholders' Equity
Preferred $0.70 stock, $20 par			$300,000		$300,000
Common stock, $10 par			340,000		340,000
Retained earnings			1,707,500		1,412,500
Total stockholders' equity			$2,347,500		$2,052,500
Total liabilities and stockholders' equity			$4,929,750		$3,820,692

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	$fill in the blank 1
2. Current ratio	fill in the blank 2
3. Quick ratio	fill in the blank 3
4. Accounts receivable turnover	fill in the blank 4
5. Number of days' sales in receivables	fill in the blank 5	days
6. Inventory turnover	fill in the blank 6
7. Number of days' sales in inventory	fill in the blank 7	days
8. Ratio of fixed assets to long-term liabilities	fill in the blank 8
9. Ratio of liabilities to stockholders' equity	fill in the blank 9
10. Times interest earned	fill in the blank 10
11. Asset turnover	fill in the blank 11
12. Return on total assets	fill in the blank 12	%
13. Return on stockholders equity	fill in the blank 13	%
14. Return on common stockholders equity	fill in the blank 14	%
15. Earnings per share on common stock	$fill in the blank 15
16. Price-earnings ratio	fill in the blank 16
17. Dividends per share of common stock	$fill in the blank 17
18. Dividend yield	fill in the blank 18	%

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