Problem 3.2 (Ratio Analysis) (Readings: Chapter 17). The comparative financial statements of Marshall Inc. are provided below. The market price of Marshall common stock was $82.60 on December 31, 20Y2. INSTRUCTIONS Using the template provided, determine the following measures for 20Y2, rounding to one decimal place, including percentages, except for per-share amounts: 1. Working 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-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Times interest earned 11. Asset turnover 12. Return on stockholders' equity 13. Return on total assets 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 Marshaltinc. Comparative Retained Earaings Statement For the Vears Ended December 31, 20%2 and 2 or 1 \begin{tabular}{|c|c|c|} \hline & 2012 & 201 \\ \hline Retained earnings, January l.......... & $3,704,000 & $3,264,000 \\ \hline Net income.............. & 600,000 & 5$0,000 \\ \hline \multicolumn{3}{|l|}{ Dividends: } \\ \hline On preferred stock...................... & (10,000) & (10,000) \\ \hline On common stock.................... & (100,000) & (100000) \\ \hline Retained earnings, December 31 ... & 54.194 .000 & 53,704000 \\ \hline \end{tabular} Marshall tnc. Comparative income statement For the Years Ended December 31, 20r2 and 20r1 \begin{tabular}{|c|c|c|} \hline & 2012 & 20r1 \\ \hline Sales................................. & $10,850,000 & $10,000,000 \\ \hline Cost of merchandise soid. & 6,000,000 & 5.450 .000 \\ \hline Gross profit.......................... & 54850,000 & $.4.550.000 \\ \hline Selling expenserk........ & $2,170,000 & $2,000,000 \\ \hline Administrative expenses....... & 1,627,500 & 1,500,000 \\ \hline otal operating expenses... & 53,797,500 & 5,5,500,000 \\ \hline Income from operations.... & $1,052,500 & $1,050,000 \\ \hline \multicolumn{3}{|l|}{ Other revenue and expense: } \\ \hline Other revenue..... & 99,500 & 20,000 \\ \hline Other expense (interest).. & (132,000) & (120,000) \\ \hline ncome before income tax expense. & 51,020,000 & 5950,000 \\ \hline Incorne tax expense................... & 420,000 & 400,000 \\ \hline Net income.................. & $600,000 & 5550,000 \\ \hline \end{tabular} Marshall inc. Comparative Balance Sheet December 31,20r2 and 20r1 Assets Current assets: Cash. Marketable securities. Accounts receivable (net). Inventories. Prepaid expenses. Total current assets. Long-term investments. Property, plant, and equipment (net) Total assets. Labilitien Current liabilities. Long-term liabilities: Mortgage note payable, 6% Bonds payable, 4 .6. Total long-term liabilities. Total liabilities. Stockholders' fauity Preferred 4% stock, $5 par. Common stock, $5 par. Retained earnings. Total stockholders' equity. Total liabilities and stockholders' equity. 2012 20Y1 \begin{tabular}{|c|c|} \hline$1,050,000 & 5950,000 \\ \hline 301,000 & 420,000 \\ \hline 565000 & 500,000 \\ \hline 420,000 & 380,000 \\ \hline 108000 & 20.000 \\ \hline$2,464,000 & $2,270,000 \\ \hline 800,000 & 800,000 \\ \hline 5.760 .000 & 5.184 .000 \\ \hline 59.024 .000 & $8.254.000 \\ \hline 5800000 & 5800,000 \\ \hline s 200000 & 5 \\ \hline 3000,000 & 3.000 .000 \\ \hline53,700,000 & 53,000,000 \\ \hline 34,080000 & 53.200 .000 \\ \hline \$ 250000 & s 250,000 \\ \hline 500,000 & 500,000 \\ \hline 4.194 .000 & 3.704 .000 \\ \hline 54.944 .000 & 34,454,000 \\ \hline$9.024000 & $8.254.000 \\ \hline \end{tabular}