Question

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 61 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			$ 1,312,050		$ 1,109,050
Net income			280,000		227,100
Total			$ 1,592,050		$ 1,336,150
Dividends
	On preferred stock		$ 9,100		$ 9,100
	On common stock		15,000		15,000
		Total dividends	$ 24,100		$ 24,100
Retained earnings, December 31			$ 1,567,950		$ 1,312,050

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$ 1,830,475		$ 1,686,550
Cost of goods sold	613,200		564,140
Gross profit	$ 1,217,275		$ 1,122,410
Selling expenses	$ 432,530		$ 515,010
Administrative expenses	368,455		302,460
Total operating expenses	800,985		817,470
Income from operations	$ 416,290		$ 304,940
Other income	21,910		19,460
	$ 438,200		$ 324,400
Other expense (interest)	120,000		66,400
Income before income tax	$ 318,200		$ 258,000
Income tax expense	38,200		30,900
Net income	$ 280,000		$ 227,100

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			Dec. 31, 20Y2		Dec. 31, 20Y1
Assets
Current assets
	Cash		$ 234,780		$ 282,860
	Marketable securities		355,350		468,750
	Accounts receivable (net)		321,200		299,300
	Inventories		248,200		189,800
	Prepaid expenses		44,420		56,570
		Total current assets	$ 1,203,950		$ 1,297,280
Long-term investments			1,039,155		246,822
Property, plant, and equipment (net)			1,800,000		1,620,000
Total assets			$ 4,043,105		$ 3,164,102
Liabilities
Current liabilities			$ 415,155		$ 462,052
Long-term liabilities
	Mortgage note payable, 8 %		$ 670,000		$ 0
	Bonds payable, 8 %		830,000		830,000
		Total long-term liabilities	$ 1,500,000		$ 830,000
Total liabilities			$ 1,915,155		$ 1,292,052
Stockholders' Equity
Preferred $ 0.70 stock, $ 20 par			$ 260,000		$ 260,000
Common stock, $ 10 par			300,000		300,000
Retained earnings			1,567,950		1,312,050
	Total stockholders' equity		$ 2,127,950		$ 1,872,050
Total liabilities and stockholders' equity			$ 4,043,105		$ 3,164,102

Required:

Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year.

1. Working capital	$
2. Current ratio
3. Quick ratio
4. Accounts receivable turnover
5. Number of days' sales in receivables		days
6. Inventory turnover
7. Number of days' sales in inventory		days
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 total assets		%
13. Return on stockholders’ equity		%
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		%

Answer 1

According to the HOMEWORKLIB RULES we can answer first 4 question although I answered 7 question. If you want another to be answered plz post as an another question. If you have any query ask in comment section. If you like my work plz rate. Thanks