Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows....

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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 $82.60 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 Retained earnings, January 1 Net income Dividends: On preferred stock On common stock Increase in retained earnings Retained earnings, December 310 2012 20Y1 $3,704,000 $3,264,000 $600,000 $550,000 (10,000) (10,000) (100,000) (100,000) $490,000 $440,000 $4,194,000 $3,704,000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 201 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Operating income Other revenue and expense: Other revenue Other expense (interest) 2012 $10,850,000 2011 $10,000,000 (6,000,000) (5,450,000) $4,850,000 $4,550,000 $(2,170,000) $(2,000,000) (1,627,500) (1,500,000) $(3,797,500) $(3,500,000) $1,052,500 $1,050,000 99,500 (132,000) +6030 00n 20,000 (120,000) 4000.000 Administrative expenses Total operating expenses Operating income Other revenue and expense: Other revenue (1,627,500) (1,500,000) $(3,797,500) $(3,500,000) $1,052,500 $1,050,000 99,500 20,000 Other expense (interest) (132,000) (120,000) Income before income tax expense $1,020,000 $950,000 Income tax expense (420,000) (400,000) Net income $600,000 $550,000 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 2012 20Y1 Assets Current assets: Cash $1,050,000 $950,000 Marketable securities 301,000 420,000 Accounts receivable (net) 585,000 500,000 Inventories 420,000 380,000 Prepaid expenses 108,000 20,000 Total current assets $2,464,000 $2,270,000 Long-term investments 800,000 800,000 Property, plant, and equipment (net) 5,760,000 5,184,000 Total assets $ 9,024,000 $8,254,000 Liabilities Current liabilities $880,000 $800,000 Long-term liabilities: Mortgage note payable, 6% $200,000 $0 Bonds payable, 4% 3,000,000 3,000,000 Long-term investments Property, plant, and equipment (net) Total assets Current liabilities Long-term liabilities: Liabilities 800,000 800,000 5,760,000 5,184,000 $9,024,000 $8,254,000 $880,000 $800,000 $200,000 $0 Mortgage note payable, 6% Bonds payable, 4% Total long-term liabilities 3,000,000 3,000,000 Total liabilities $3,200,000 $3,000,000 $4,080,000 $3,800,000 Stockholders' Equity Preferred 4% stock, $5 par $250,000 $250,000 Common stock, $5 par 500,000 Retained earnings 4,194,000 500,000 3,704,000 Total stockholders' equity $4,944,000 $4,454,000 Total liabilities and stockholders' equity $9,024,000 $8,254,000 Determine the following measures for 20Y2. Round to one decimal place, including percentages, except for per-share amounts, which should be rou the nearest cent. Total liabilities and stockholders' equity Determine the following measures for 2012. Round to one decimal place, including percentages, except for per-share amounts, which should be rounded to the nearest cent. 1. Working Capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Days' sales in receivables 6. Inventory turnover days 7. 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 94 %% % Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 Retained earnings, January 1 Net income Dividends: On preferred stock On common stock Increase in retained earnings Retained earnings, December 310 2012 20Y1 $3,704,000 $3,264,000 $600,000 $550,000 (10,000) (10,000) (100,000) (100,000) $490,000 $440,000 $4,194,000 $3,704,000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 201 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Operating income Other revenue and expense: Other revenue Other expense (interest) 2012 $10,850,000 2011 $10,000,000 (6,000,000) (5,450,000) $4,850,000 $4,550,000 $(2,170,000) $(2,000,000) (1,627,500) (1,500,000) $(3,797,500) $(3,500,000) $1,052,500 $1,050,000 99,500 (132,000) +6030 00n 20,000 (120,000) 4000.000 Administrative expenses Total operating expenses Operating income Other revenue and expense: Other revenue (1,627,500) (1,500,000) $(3,797,500) $(3,500,000) $1,052,500 $1,050,000 99,500 20,000 Other expense (interest) (132,000) (120,000) Income before income tax expense $1,020,000 $950,000 Income tax expense (420,000) (400,000) Net income $600,000 $550,000 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 2012 20Y1 Assets Current assets: Cash $1,050,000 $950,000 Marketable securities 301,000 420,000 Accounts receivable (net) 585,000 500,000 Inventories 420,000 380,000 Prepaid expenses 108,000 20,000 Total current assets $2,464,000 $2,270,000 Long-term investments 800,000 800,000 Property, plant, and equipment (net) 5,760,000 5,184,000 Total assets $ 9,024,000 $8,254,000 Liabilities Current liabilities $880,000 $800,000 Long-term liabilities: Mortgage note payable, 6% $200,000 $0 Bonds payable, 4% 3,000,000 3,000,000 Long-term investments Property, plant, and equipment (net) Total assets Current liabilities Long-term liabilities: Liabilities 800,000 800,000 5,760,000 5,184,000 $9,024,000 $8,254,000 $880,000 $800,000 $200,000 $0 Mortgage note payable, 6% Bonds payable, 4% Total long-term liabilities 3,000,000 3,000,000 Total liabilities $3,200,000 $3,000,000 $4,080,000 $3,800,000 Stockholders' Equity Preferred 4% stock, $5 par $250,000 $250,000 Common stock, $5 par 500,000 Retained earnings 4,194,000 500,000 3,704,000 Total stockholders' equity $4,944,000 $4,454,000 Total liabilities and stockholders' equity $9,024,000 $8,254,000 Determine the following measures for 20Y2. Round to one decimal place, including percentages, except for per-share amounts, which should be rou the nearest cent. Total liabilities and stockholders' equity Determine the following measures for 2012. Round to one decimal place, including percentages, except for per-share amounts, which should be rounded to the nearest cent. 1. Working Capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Days' sales in receivables 6. Inventory turnover days 7. 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 94 %% %