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 $ 65 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2011 Retained earnings, January 1 Net income Dividends: On preferred stock On common stock Retained earnings, December 31 Sales 2012 2011 $2,548,325 $2,155,475 592,000 441,500 (7.700) (7,700) (40,950) $3,091.675 (40,950) $2.548,325 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 $3,510,205 20Y1 $3,234,000 1748.300, 1148 440 Cost of merchandise sold 1,248,300 1,148,440 Gross profit $2,261,905 $2,085,650 Selling expenses Administrative expenses Total operating expenses $769,630 $948,920 655,615 557,310 $1,425,245 $1,506,230 $836,660 $579,420 Income from operations Other revenue and expenses Other revenue 44,040 35,980 Other expense (interest)) (208,000) (114,400) Income before income tax expense $672,700 $502,000 80,700 60,500 Income tax expense; $592,000 $443,500 Net income Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Assets Current assets: 2012 2011 Previous 50F Mostly cloudy ING $27 PM 12/16/2023 Current assets: Cash Marketable securities Accounts receivable (net)) Inventories Prepaid expenses Assets $567,960 $581,070 859,650 962,910 613,200 576,700 467,200 365.000 107,458 116,210 $2,615,488 $2,601,090 2,213,527 1.170,163 2,660,000 2,574,000 $7,689,015 $6.346,073 Liabilities 5817,340 $1,187,748 Total current assets Long-term investments Property, plant, and equipment (net) Total assets Current liabilities Long-term liabilities: Mortgage note payable, 8% $1,170,000 50 Bonds payable, 5% 1,420,000 1,430,000 Total long-term abilities $2,600,000 $1,430,000 Total liabilities $3,417,340 $2,617,748 Stockholders' Equity, Previous Preferred $0.70 stock, $50 par $550,000 $550,000 Common stock, $10 par 630,000 630,000 Retained earnings 3,091,675 Total stockholders' equity Total liabilities and stockholders' equity $4,271,675 $7,689,015 2,548,325 $3,728,325 $6,346,073 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 burnover 5. Number of days sales in receivables 6. Inventory turnover days 7. Number of days sales in inventory 8. Ratio of lixed assets to long-teno liabilities 9. tatio of abilities to stockholders equity 10. Times Interest samed days 1. Worlding capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days sales in receivables 6. Inventory turnover 7. Number of days sales in inventory 8. Ratio of fixed assets to long-tenn liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. turn on stockholders equity 14. Return on common stockholders equity 15. Eamings per share on cammon stock 16. Price rings ratio 17. Dividends per share of common stock 18. Dividend yield days days Previous Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 65 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2011 Retained earnings, January 1 Net income Dividends: On preferred stock On common stock Retained earnings, December 31 Sales 2012 2011 $2,548,325 $2,155,475 592,000 441,500 (7.700) (7,700) (40,950) $3,091.675 (40,950) $2.548,325 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 $3,510,205 20Y1 $3,234,000 1748.300, 1148 440 Cost of merchandise sold 1,248,300 1,148,440 Gross profit $2,261,905 $2,085,650 Selling expenses Administrative expenses Total operating expenses $769,630 $948,920 655,615 557,310 $1,425,245 $1,506,230 $836,660 $579,420 Income from operations Other revenue and expenses Other revenue 44,040 35,980 Other expense (interest)) (208,000) (114,400) Income before income tax expense $672,700 $502,000 80,700 60,500 Income tax expense; $592,000 $443,500 Net income Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Assets Current assets: 2012 2011 Previous 50F Mostly cloudy ING $27 PM 12/16/2023 Current assets: Cash Marketable securities Accounts receivable (net)) Inventories Prepaid expenses Assets $567,960 $581,070 859,650 962,910 613,200 576,700 467,200 365.000 107,458 116,210 $2,615,488 $2,601,090 2,213,527 1.170,163 2,660,000 2,574,000 $7,689,015 $6.346,073 Liabilities 5817,340 $1,187,748 Total current assets Long-term investments Property, plant, and equipment (net) Total assets Current liabilities Long-term liabilities: Mortgage note payable, 8% $1,170,000 50 Bonds payable, 5% 1,420,000 1,430,000 Total long-term abilities $2,600,000 $1,430,000 Total liabilities $3,417,340 $2,617,748 Stockholders' Equity, Previous Preferred $0.70 stock, $50 par $550,000 $550,000 Common stock, $10 par 630,000 630,000 Retained earnings 3,091,675 Total stockholders' equity Total liabilities and stockholders' equity $4,271,675 $7,689,015 2,548,325 $3,728,325 $6,346,073 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 burnover 5. Number of days sales in receivables 6. Inventory turnover days 7. Number of days sales in inventory 8. Ratio of lixed assets to long-teno liabilities 9. tatio of abilities to stockholders equity 10. Times Interest samed days 1. Worlding capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days sales in receivables 6. Inventory turnover 7. Number of days sales in inventory 8. Ratio of fixed assets to long-tenn liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. turn on stockholders equity 14. Return on common stockholders equity 15. Eamings per share on cammon stock 16. Price rings ratio 17. Dividends per share of common stock 18. Dividend yield days days Previous