1) Working Capital: | Dec. 31, 20Y2 | Dec. 31, 20Y1 |
Total Current Assets (a) | $1,879,392 | $1,562,340 |
Total Current Liabilities (b) | $587,310 | $662,690 |
Working Capital (a - b) | $1,292,082 | $899,650 |
2) Current Ratio: | Dec. 31, 20Y2 | Dec. 31, 20Y1 |
Total Current Assets (a) | $1,879,392 | $1,562,340 |
Total Current Liabilities (b) | $587,310 | $662,690 |
Current Ratio (a/b) | 3.20 | 2.36 |
3) Quick Ratio: | Dec. 31, 20Y2 | Dec. 31, 20Y1 |
Cash | $441,480 | $339,860 |
Marketable securities | $668,190 | $563,210 |
Accounts receivable (net) | $394,200 | $372,300 |
Quick Assets (a) | $1,503,870 | $1,275,370 |
Total Current Liabilities (b) | $587,310 | $662,690 |
Quick Ratio (a/b) | 2.56 | 1.92 |
4) Accounts receivable turnover: | Dec. 31, 20Y2 | Dec. 31, 20Y1 |
Net credit sales (a) | $2,107,875 | |
Average accounts receivable (b) ($394,200 + $372,300/2) | $383,250 | |
Accounts receivable turnover (a/b) | 5.5 |
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Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows....
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 68 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 2012 20Y1 Retained earnings, January 1 $ 1,190,000 $ 1,407,900 330,000 Net income 243,700 Total $ 1,737,900 $ 1,433,700 Dividends $ 10,500 $ 10,500 15,300 15,300 On preferred stock On common stock Total dividends...
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 68 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $ 1,407,900 $ 1,190,000 Net income 330,000 243,700 Total $ 1,737,900 $ 1,433,700 Dividends On preferred stock $ 10,500 $ 10,500 On common stock 15,300 15,300 Total dividends $ 25,800...
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 68 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $ 1,407,900 $ 1,190,000 Net income 330,000 243,700 Total $ 1,737,900 $ 1,433,700 Dividends On preferred stock $ 10,500 $ 10,500 On common stock 15,300 15,300 Total dividends $ 25,800...
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 58 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $1,802,125 $1,537,175 Net income 425,600 314,800 Total $2,227,725 $1,851,975 Dividends: On preferred stock $13,300 $13,300 On common stock 36,550 36,550 Total dividends $49,850 $49,850 Retained earnings, December 31 $2,177,875...
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 58 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $1,802,125 $1,537,175 Net income 425,600 314,800 Total $2,227,725 $1,851,975 Dividends: On preferred stock $13,300 $13,300 On common stock 36,550 36,550 Total dividends $49,850 $49,850 Retained earnings, December 31 $2,177,875...
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 58 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $1,802,125 $1,537,175 Net income 425,600 314,800 Total $2,227,725 $1,851,975 Dividends: On preferred stock $13,300 $13,300 On common stock 36,550 36,550 Total dividends $49,850 $49,850 Retained earnings, December 31 $2,177,875...
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 59 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $ 1,659,275 $ 1,404,525 Net income 374,400 287,700 Total $ 2,033,675 $ 1,692,225 Dividends On preferred stock $ 6,300 $ 6,300 On common stock 26,650 26,650 Total dividends...
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 62 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $ 2,842,400 $ 2,417,000 Net income 624,800 495,000 Total $3,467,200 $ 2,912,000 Dividends: On preferred stock $ 8,400 $ 8,400 On common stock 61,200 61,200 Total dividends $ 69,600...
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 71 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $ 2,461,325 $ 2,069,975 Net income 570,000 424,000 Total $ 2,966,025 $ 2,493,975 Dividends On preferred stock $ 7,000 $ 7,000 On common stock 25,650 25,650 Total dividends...
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 63 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $1,022,050 $862,950 Net income 233,600 176,800 Total $1,255,650 $1,039,750 Dividends: On preferred stock $7,700 $7,700 On common stock 10,000 10,000 Total dividends $17,700 $17,700 Retained earnings, December 31 $1,237,950...