Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 20Y1 Retained earnings, January 1 $1,667,600 $1,958,400 414,000 Net income 341,600 Dividends: On preferred stock (14,000) (36,800) $2,321,600 (14,000) (36,800) On common stock Retained earnings, December 31 $1.958.400 ) Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 2012 20Y1 Sales $2,453,640 $2,663,040 995,720 Cost of merchandise sold 916,060 Gross profit $1,667,320 $1,537,580 $568,700 $681,580 Selling expenses Administrative expenses 484,450 400.290 Total operating expenses $1,053,150 $1,081,870 $455,710 Income from operations $614,170 Other revenue and expense: Other revenue 32,330 (176,000) 29,090 (96,800) Other expense (interest) Income before income tax expense $388,000 $470,500 56,500 Income tax expense 46,400 $341,600 Net income $414,000 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 2041 2012 20Y1 Assets Current assets: Cash $447,650 $416,400 677,520 690,040 Marketable securities Accounts receivable (net) Inventories Prepaid expenses 481,800 365,000 452,600 277,400 83,280 84,694 $2,056,664 $1,919,720 Total current assets Long-term investments Property, plant, and equipment (net) 584,513 1,568,376 2,420,000 2,178,000 Total assets $6,045,040 $4,682,233 Liabilities Current liabilities $663,440 $653,833 SO Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% , Total long-term liabilities $990,000 1,210,000 1,210,000 $2,200,000 $1,210,000 Total liabilities $2,863,440 $1,863,833 Stockholders' Equity Preferred $0.70 stock, $20 par Common stock, $10 par $400,000 460,000 2.321,600 $400,000 460,000 1,958,400 Retained earnings Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2041 , 2012 20Y1 Assets Current assets: Cash $447,650 $416,400 677,520 690,040 Marketable securities Accounts receivable (net) 481,800 452,600 277,400 Inventories Prepaid expenses 365,000 84,694 83,280 $2,056,664 Total current assets Long-term investments 1,568,376 $1,919,720 584,513 2,178,000 Property, plant, and equipment (net) 2,420,000 Total assets $6,045,040 $4,682,233 Liabilities Current liabilities $663,440 $653,833 SO Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities $990,000 1,210,000 1,210,000 $2,200,000 $1,210,000 $2,863,440 $1,863,833 Stockholders' Equity ' Preferred $0.70 stock, $20 par Common stock, $10 par $400,000 460,000 2,321,600 $400,000 460,000 1,958,400 Retained earnings Total stockholders' equity $3,181,600 $2,818,400 Total liabilities and stockholders' equity $6,045,040 $4,682,233 Required: Determine the following measures for 2012, 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 ' days 7. Number of days' sales in inventory 8. - 9. Ratio of liabilities to stockholders' equity ' Ratio of fixed assets to long-term liabilities 10. Times interest earned 9 96 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 9 $ 17. Dividends per share of common stock 18. Dividend yield %