The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock
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Question:
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ on December Y
Marshall Inc.
Comparative Retained Earnings Statement
For the Years Ended December Y and Y
Y
Y
Retained earnings, January
$
$
Net income
Total
$
$
Dividends:
On preferred stock
$
$
On common stock
Total dividends
$
$
Retained earnings, December
$
$
Marshall Inc.
Comparative Income Statement
For the Years Ended December Y and Y
Y
Y
Sales
$
$
Cost of goods sold
Gross profit
$
$
Selling expenses
$
$
Administrative expenses
Total operating expenses
$
$
Income from operations
$
$
Other income
$
$
Other expense interest
Income before income tax
$
$
Income tax expense
Net income
$
$
Marshall Inc.
Comparative Balance Sheet
December Y and Y
Y
Y
Assets
Current assets:
Cash
$
$
Marketable securities
Accounts receivable net
Inventories
Prepaid expenses
Total current assets
$
$
Longterm investments
Property, plant, and equipment net
Total assets
$
$
Liabilities
Current liabilities
$
$
Longterm liabilities:
Mortgage note payable,
$
$
Bonds payable,
Total longterm liabilities
$
$
Total liabilities
$
$
Stockholders Equity
Preferred stock, $ par
$
$
Common stock, $ par
Retained earnings
Total stockholders equity
$
$
Total liabilities and stockholders equity
$
$ Working capital
Current ratio
Quick ratio
Accounts receivable turnover
Number of days sales in receivables
Inventory turnover
Number of days sales in inventory
Ratio of fixed assets to longterm liabilities
Ratio of liabilities to stockholders equity
Times interest earned
Asset turnover
Return on total assets
Return on stockholders equity
Return on common stockholders equity
Earnings per share on common stock
Priceearnings ratio
Dividends per share of common stock
Dividend yield
Posted Date: