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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 $ 67 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			$4,740,500		$3,993,500
Net income			1,110,000		818,000
Total			$5,850,500		$4,811,500
Dividends:
	On preferred stock		$14,000		$14,000
	On common stock		57,000		57,000
		Total dividends	$71,000		$71,000
Retained earnings, December 31			$5,779,500		$4,740,500

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$7,215,320		$6,647,850
Cost of goods sold	2,628,000		2,417,760
Gross profit	$4,587,320		$4,230,090
Selling expenses	$1,559,190		$1,942,230
Administrative expenses	1,328,200		1,140,680
Total operating expenses	$2,887,390		$3,082,910
Income from operations	$1,699,930		$1,147,180
Other revenue	89,470		73,220
	$1,789,400		$1,220,400
Other expense (interest)	528,000		290,400
Income before income tax	$1,261,400		$930,000
Income tax expense	151,400		112,000
Net income	$1,110,000		$818,000

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			20Y2		20Y1
Assets
Current assets
	Cash		$1,797,290		$1,184,530
	Marketable securities		2,720,220		1,962,920
	Accounts receivable (net)		1,328,600		1,248,300
	Inventories		992,800		759,200
	Prepaid expenses		340,020		236,910
		Total current assets	$7,178,930		$5,391,860
Long-term investments			1,532,020		631,008
Property, plant, and equipment (net)			7,920,000		7,128,000
Total assets			$16,630,950		$13,150,868
Liabilities
Current liabilities			$2,111,450		$2,640,368
Long-term liabilities:
	Mortgage note payable, 8%		$2,970,000		$0
	Bonds payable, 8%		3,630,000		3,630,000
		Total long-term liabilities	$6,600,000		$3,630,000
Total liabilities			$8,711,450		$6,270,368
Stockholders' Equity
Preferred $0.70 stock, $50 par			$1,000,000		$1,000,000
Common stock, $10 par			1,140,000		1,140,000
Retained earnings			5,779,500		4,740,500
Total stockholders' equity			$7,919,500		$6,880,500
Total liabilities and stockholders' equity			$16,630,950		$13,150,868

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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