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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 Inc. common stock was $ 58 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			$ 3,097,800		$ 2,618,600
Net income			681,600		536,400
Total			$ 3,665,000		$ 3,155,000
Dividends
	On preferred stock		$ 9,100		$ 9,100
	On common stock		48,100		48,100
		Total dividends	$ 57,200		$ 57,200
Retained earnings, December 31			$ 3,722,200		$ 3,097,800

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$ 4,764,345		$ 4,389,620
Cost of goods sold	1,765,140		1,623,930
Gross profit	$ 2,999,205		$ 2,765,690
Selling expenses	$ 1,045,780		$ 1,268,860
Administrative expenses	890,855		745,210
Total operating expenses	1,936,635		2,014,070
Income from operations	$ 1,062,570		$ 751,620
Other income	55,930		47,980
	$ 1,118,500		$ 799,600
Other expense (interest)	344,000		189,600
Income before income tax	$ 774,500		$ 610,000
Income tax expense	92,900		73,600
Net income	$ 681,600		$ 536,400

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			Dec. 31, 20Y2		Dec. 31, 20Y1
Assets
Current assets
	Cash		$ 961,560		$ 677,980
	Marketable securities		1,455,330		1,123,500
	Accounts receivable (net)		861,400		810,300
	Inventories		642,400		496,400
	Prepaid expenses		181,912		135,600
		Total current assets	$ 4,102,602		$ 3,243,780
Long-term investments			1,903,018		410,873
Property, plant, and equipment (net)			4,730,000		4,257,000
Total assets			$ 10,735,620		$ 7,911,653
Liabilities
Current liabilities			$ 1,323,420		$ 1,053,853
Long-term liabilities
	Mortgage note payable, 8 %		$ 1,930,000		$ 0
	Bonds payable, 8 %		2,370,000		2,370,000
		Total long-term liabilities	$ 4,300,000		$ 2,370,000
Total liabilities			$ 5,623,420		$ 3,423,853
Stockholders' Equity
Preferred $ 0.70 stock, $ 50 par			$ 650,000		$ 650,000
Common stock, $ 10 par			740,000		740,000
Retained earnings			3,722,200		3,097,800
	Total stockholders' equity		$ 5,112,200		$ 4,487,800
Total liabilities and stockholders' equity			$ 10,735,620		$ 7,911,653

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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