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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 $ 52 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			$1,414,500		$1,195,400
Net income			316,800		244,900
Dividends:
	On preferred stock		(10,500)		(10,500)
	On common stock		(15,300)		(15,300)
Retained earnings, December 31			$1,705,500		$1,414,500

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$2,011,150		$1,852,960
Cost of merchandise sold	677,440		623,240
Gross profit	$1,333,710		$1,229,720
Selling expenses	$469,860		$568,400
Administrative expenses	400,250		333,820
Total operating expenses	$870,110		$902,220
Income from operations	$463,600		$327,500
Other revenue and expense:
Other revenue	24,400		20,900
Other expense (interest)	(128,000)		(70,400)
Income before income tax expense	$360,000		$278,000
Income tax expense	43,200		33,100
Net income	$316,800		$244,900

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			20Y2		20Y1
Assets
Current assets:
	Cash		$337,570		$301,140
	Marketable securities		510,920		499,040
	Accounts receivable (net)		357,700		335,800
	Inventories		262,800		204,400
	Prepaid expenses		63,860		60,230
		Total current assets	$1,532,850		$1,400,610
Long-term investments			1,163,600		431,506
Property, plant, and equipment (net)			1,760,000		1,584,000
Total assets			$4,456,450		$3,416,116
Liabilities
Current liabilities			$510,950		$481,616
Long-term liabilities:
	Mortgage note payable, 8%		$720,000		$0
	Bonds payable, 8%		880,000		880,000
		Total long-term liabilities	$1,600,000		$880,000
Total liabilities			$2,110,950		$1,361,616
Stockholders' Equity
Preferred $0.70 stock, $20 par			$300,000		$300,000
Common stock, $10 par			340,000		340,000
Retained earnings			1,705,500		1,414,500
Total stockholders' equity			$2,345,500		$2,054,500
Total liabilities and stockholders' equity			$4,456,450		$3,416,116

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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