The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Retained earnings, January 1 $3,704,000.00 $3,264,000.00 3 Net income 600,000.00 550,000.00 4 Total $4,304,000.00 $3,814,000.00 5 Dividends: 6 On preferred stock $10,000.00 $10,000.00 7 On common stock 100,000.00 100,000.00 8 Total dividends $110,000.00 $110,000.00 9 Retained earnings, December 31 $4,194,000.00 $3,704,000.00 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Sales $10,850,000.00 $10,000,000.00 3 Cost of goods sold 6,000,000.00 5,450,000.00 4 Gross profit $4,850,000.00 $4,550,000.00 5 Selling expenses $2,170,000.00 $2,000,000.00 6 Administrative expenses 1,627,500.00 1,500,000.00 7 Total operating expenses $3,797,500.00 $3,500,000.00 8 Income from operations $1,052,500.00 $1,050,000.00 9 Other revenue 99,500.00 20,000.00 10 $1,152,000.00 $1,070,000.00 11 Other expense (interest) 132,000.00 120,000.00 12 Income before income tax $1,020,000.00 $950,000.00 13 Income tax expense 420,000.00 400,000.00 14 Net income $600,000.00 $550,000.00 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Assets 3 Current assets: 4 Cash $1,050,000.00 $950,000.00 5 Marketable securities 301,000.00 420,000.00 6 Accounts receivable (net) 585,000.00 500,000.00 7 Inventories 420,000.00 380,000.00 8 Prepaid expenses 108,000.00 20,000.00 9 Total current assets $2,464,000.00 $2,270,000.00 10 Long-term investments 800,000.00 800,000.00 11 Property, plant, and equipment (net) 5,760,000.00 5,184,000.00 12 Total assets $9,024,000.00 $8,254,000.00 13 Liabilities 14 Current liabilities $880,000.00 $800,000.00 15 Long-term liabilities: 16 Mortgage note payable, 6%, $200,000.00 $0.00 17 Bonds payable, 4%, 3,000,000.00 3,000,000.00 18 Total long-term liabilities $3,200,000.00 $3,000,000.00 19 Total liabilities $4,080,000.00 $3,800,000.00 20 Stockholders’ Equity 21 Preferred 4% stock, $5 par $250,000.00 $250,000.00 22 Common stock, $5 par 500,000.00 500,000.00 23 Retained earnings 4,194,000.00 3,704,000.00 24 Total stockholders’ equity $4,944,000.00 $4,454,000.00 25 Total liabilities and stockholders’ equity $9,024,000.00 $8,254,000.00 Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts): 17. Dividends per share of common stock 18. Dividend yield
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common...
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.80 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Retained earnings, January 1 $3,692,000.00 $3,262,000.00 3 Net income 610,000.00 540,000.00 4 Total $4,302,000.00 $3,802,000.00 5 Dividends: 6 On preferred stock $10,000.00 $10,000.00 7 On common stock 100,000.00 100,000.00 8 Total dividends $110,000.00 $110,000.00 9 Retained earnings, December...
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.80 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Retained earnings, January 1 $3,692,000.00 $3,262,000.00 3 Net income 610,000.00 540,000.00 4 Total $4,302,000.00 $3,802,000.00 5 Dividends: 6 On preferred stock $10,000.00 $10,000.00 7 On common stock 100,000.00 100,000.00 8 Total dividends $110,000.00 $110,000.00 9 Retained earnings, December...
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.80 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Retained earnings, January 1 $3,716,000.00 $3,266,000.00 3 Net income 630,000.00 560,000.00 4 Total $4,346,000.00 $3,826,000.00 5 Dividends: 6 On preferred stock $10,000.00 $10,000.00 7 On common stock 100,000.00 100,000.00 8 Total dividends $110,000.00 $110,000.00 9 Retained earnings, December...
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 64 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 $1,313,800 $1,116,700 Net income 284,000 228,700 Total $1,597,800 $1,345,400 Dividends: On preferred stock $9,100 $9,100 On common stock 22,500 22,500 Total dividends $31,600 $31,600 Retained earnings, December 31 $1,566,200 $1,313,800 Marshall Inc. Comparative Income Statement...
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 54 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 $ 2,821,050 $ 2,378,450 Net income 642,400 487,100 Total $3,463,450 $ 2,865,550 Dividends: On preferred stock $ 10,500 $ 10,500 On common stock 34,000 34,000 Total dividends $ 44,500 $ 44,500 Retained earnings, December 31...
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 64 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 $ 4,159,100 $ 3,518,300 Net income 921,600 720,600 Total $5,080,700 $ 4,238,900 Dividends: On preferred stock $ 11,900 $ 11,900 On common stock 67,900 67,900 Total dividends $ 79,800 $ 79,800 Retained earnings, December 31...
The comparative financial statements of Marshall Inc. are as
follows. The market price of Marshall common stock was $ 70 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
$1,925,150
$1,619,750
Net income
456,000
331,700
Total
$2,381,150
$1,951,450
Dividends:
On preferred stock
$5,600
$5,600
On common stock
20,700
20,700
Total dividends
$26,300
$26,300
Retained earnings, December 31
$2,354,850
$1,925,150
Marshall Inc.
Comparative Income Statement...
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. 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 $ 2,805,100 $ 2,360,600 Net income 668,800 483,500 Total $ 3,473,900 $ 2,844,100 Dividends On preferred stock $ 8,400 $ 8,400 On common stock 30,600 30,600 Total dividends $ 39,000 $ 39,000...
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. 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 $ 1,652,575 $ 1,392,225 Net income 379,600 285,100 Total $ 2,032,175 $ 1,677,325 Dividends On preferred stock $ 6,300 $ 6,300 On common stock 18,450 18,450 Total dividends $ 24,750 $ 24,750 Retained earnings,...