Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $ 1,563,000 $ 1,327,500 Net income 350,400 271,900 Total $1,913,400 $ 1,599,400 Dividends: On preferred stock $ 11,200 $ 11,200 On common stock 25,200 25,200 Total dividends $ 36,400 $ 36,400 Retained earnings, December 31 $ 1,877,000 $ 1,563,000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $ 2,088,895 $ 1,924,610 Cost of goods sold 769,420 707,870 Gross profit $ 1,319,475 $ 1,216,740 Selling expenses $ 442,580 $ 541,860 Administrative expenses 377,005 318,240 Total operating expenses $819,585 $860,100 Income from operations $ 499,890 $ 356,640 Other revenue 26,310 22,760 $ 526,200 $ 379,400 Other expense (interest) 128,000 70,400 Income before income tax $ 398,200 $ 309,000 Income tax expense 47,800 37,100 Net income $ 350,400 $ 271,900 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets Cash $ 306,390 $ 379,740 Marketable securities 463,720 629,270 Accounts receivable (net) 365,000 343,100 Inventories 277,400 219,000 Prepaid expenses 57,970 75,950 Total current assets $ 1,470,480 $ 1,647,060 Long-term investments 1,052,120 498,160 Property, plant, and equipment (net) 2,080,000 1,872,000 Total assets $ 4,602,600 $ 4,017,220 Liabilities Current liabilities $ 445,600 $ 894,220 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 $ 2,045,600 $ 1,774,220 Stockholders' Equity Preferred $0.70 stock, $20 par $ 320,000 $ 320,000 Common stock, $10 par 360,000 360,000 Retained earnings 1,877,000 1,563,000 Total stockholders' equity $ 2,557,000 $ 2,243,000 Total liabilities and stockholders' equity $ 4,602,600 $ 4,017,220 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 %