Question: please help with the last 5 questions ?? i am struggling so bad thank you so much Measures of liquidity, Solvency, and Profitability The comparative



Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 57 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2011 20Y2 20Y1 Retained earnings, January 1 $4,212,200 990,000 Net income $3,557,900 728,700 $4,286,600 Total $5,202,200 Dividends: On preferred stock $12,600 $12,600 On common stock 61,800 61,800 Total dividends $74,400 $5,127,800 $74,400 $4,212,200 Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 20Y2 20Y1 Sales $5,124,600 $4,721,550 1,730,040 Cost of goods sold 1,880,480 Gross profit $3,244,120 $2,991,510 $998,230 $1,282,030 850,340 752,940 Selling expenses Administrative expenses Total operating expenses Income from operations $2,034,970 $1,848,570 $1,395,550 $956,540 61,060 Other revenue 73,450 $1,469,000 $1,017,600 344,000 189,600 Other expense interest) Income before income tax $828,000 $1,125,000 135,000 Income tax expense 99,300 Net income $990,000 $728,700 Assets Current assets Cash $837,980 $1,118,390 Marketable securities 1,268,300 1,853,340 Accounts receivable (net) 1,014,700 956,300 Inventories 759,200 584,000 Prepaid expenses 158,540 223,680 Total current assets $4,735,710 2,557,795 Long-term investments Property, plant, and equipment (net) $4,038,720 3,935,320 4,730,000 $12,704,040 4,257,000 Total assets $11,550,505 Liabilities Current liabilities $1,346,240 $3,038,305 Long-term liabilities: $0 Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities $1,930,000 2,370,000 2,370,000 $4,300,000 $2,370,000 Total liabilities $5,646,240 $5,408,305 Stockholders' Equity Preferred $0.70 stock, $50 par $900,000 Common stock, $10 par $900,000 1,030,000 5,127,800 $7,057,800 $12,704,040 1,030,000 4,212,200 Retained earnings Total stockholders' equity $6,142,200 Total liabilities and stockholders' equity $11,550,505 rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year. 1. Working capital $ 2,692,480 2. Current ratio 3 3. Quick ratio 2.3 4. Accounts receivable turnover 5.2 5. Number of days' sales in receivables 70.2 days 6. Inventory turnover 2.8 7. Number of days' sales in inventory 130.4 days 8. Ratio of fixed assets to long-term liabilities 1.1 9. Ratio of liabilities to stockholders' equity 0.8 10. Times interest earned 4.3 11. Asset turnover 0.4 12. Return on total assets 11 % 13. Return on stockholders' equity 15 % 14. Return on common stockholders' equity 94.9 X % 15. Earnings per share on common stock 0.94 X 16. Price-earnings ratio 60 x 17. Dividends per share of common stock 0.06 X 18. Dividend yield 0.10 X %
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