ow.com/ilm/take Assignment/takeAssignmentMain.do?inprogress=true * ebook Calculator Questions Instructions 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, 2012 and 2011 . 2012 2 Retained earnings January $3.704,000.00 5 Net income 600,000.00 2011 55.264.000.00 550.000.00 Total 54.304.000.00 53.810.000.00 s Dividends: 5 On preferred stock $10.000.00 $10.000.00 1 On common stock 100,000.00 100.000.00 $110.000.00 Total dividends Retained earnings. December 31 $110.000.00 53.704.000.00 54.194,000.00 Prev Check My Work . O RE B Instructions For the Years Ended December 31, 2012 and 2041 1 2 Sales 3 Cost of goods sold 20Y2 2011 $10,850,000.00 $10,000,000.00 6,000,000.00 5.450,000.00 $4,850,000.00 $4,550,000.00 $2.170.000.00 $2,000,000.00 1.627.500.00 1,500,000.00 Gross profit s Selling expenses 6 Administrative expenses 7 Total operating expenses Income from operations 9 Other revenue $3.797,500.00 $3,500,000.00 $1,050,000.00 $1,052,500.00 99,500.00 20,000.00 10 $1.152,000.00 132,000.00 $1,070,000.00 120,000.00 11 Other expense (interest) 12 Income before income tax $1,020,000.00 $950,000.00 13 Income tax expense 420,000.00 400,000.00 14 Net income $600,000.00 $550,000.00 Sool Calculator Questions Instructions Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 1 2012 2011 2 Assets 3 Current assets: 4 Cash $1,050,000.00 $950,000.00 5 Marketable securities 301,000.00 420,000.00 585,000.00 500,000.00 420,000.00 380.000.00 108,000.00 20.000,00 Accounts receivable (net) 7 Inventories Prepaid expenses 9 Total current assets 10 Long-term investments 11 Property, plant, and equipment (net) 52.464.000.00 $2.270,000.00 800.000.00 800,000.00 5,760.000.00 5.184.000.00 1 Total assets $9,024,000.00 $8,254,000.00 Check My Work O & 0 unctions EVUSUU VO 1 tatoo 13 Liabilities $880,000.00 $800,000.00 14 Current liabilities 15 Long-term liabilities: $200,000.00 $0.00 16 Mortgage note payable, 6%, Bonds payable, 4% 3,000,000.00 3,000,000.00 17 $3,000,000.00 18 $3,200,000.00 Total long-term liabilities $4,080,000.00 $3,800,000.00 19 Total liabilities 20 Stockholders' Equity 21 Preferred 4% stock. 55 par $250,000.00 $250,000.00 500,000.00 500,000.00 22 Common stock. $5 par 4,194,000.00 3.704,000.00 23 Retained earnings $4,944,000.00 $4.454,000.00 24 Total stockholders equity 25 Total liabilities and stockholders equity $9,024,000.00 $8.254,000.00 6. Inventory turnover 20.4 X 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity