Chapter 17 Homework PR 17-4A 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 $82.60 on December 31, 2022. Comparative Retained Earnings Statement For the Years Ended December 31, 2022 and 2021 2022 $3,704,000 600,000 Retained Earnings, January 1 Net Income Dividend On preferred stock On common stock Retained Earnings, December 31 (30,000) (100,000) $4.194.000 2021 $3,264,000 $50,000 (10,000) 100.000 $1.204.000 WCS, CA, & SS, (21) Accounting (2) Bon, MA C Schneider, Marshall, Comparative Income Statement For the Years Ended December 31, 2022 and 2021 2022 $10.850.000 5,000,000 $4.850.000 $2,170,000 1,627,500 $3,797,500 $1,052,500 Sales Cost of merchandise sold Gross prof Selling expenses Administrative expenses Total operating expenses M Income from operations Other revenue and expense Other revenue Other expense (interest) Income before income tax expense Income tax expense Net Income 99,500 (1.32,000) $1,020,000 420.000 $ 600.000 2021 $10.000.000 5.450.000 $4.550.000 $2,000,000 1.500.000 $3.500.000 $1,050,000 20,000 $ 950,000 Waren, C.S., Jonik, CA, & Schneider, 1.5, (2021) Accounting (28) Boston, MA Compa Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses Marshall, Inc. Comparative Balance Sheets December 31, 2022 and 2021 2022 Total current assets Long-term investments Property, plant, and equipment (net) Totalt Current abilities Long-term abilities: Mortgage note payable, Bonds payable, 4% Total long-term labies Total libe Assets Preferred 4% stock, 55 par Common stock, $5 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $1,050,000 301,000 585,000 420,000 208,000 $2,464,000 800,000 5.260.000 $9.024.000 $ 80,000 $ 200,000 1,000,000 $3.200.000 $4.080.000 2021 $.950,000 420.000 500,000 380.000 20.000 $2,270,000 800,000 5.184.000 $.8.254.000 $ 800,000 $ 3,000,000 $3.000.000 $3,800,000 $ 250,000 500,000 $ 250,000 500,000 4,194,000 SEMUA $4,944.000 $9.024.000 $.8.254.000 3.704,000 $4.455.000 Wam, C.S., Jonick, CA, & Schneider, 1.5, (22) Accounting (28 d) Boston, MA Con Instructions Determine the following measures for 2022, rounding to one decimal place, including percentages, except for per-share amounts 1. Working capital 2. Current ratio 3. Quick rate & Accounts receivable turnover 5. Number of day sales in receivables 6. Inventory tumover 7. Number of days' sales in inventory & Ratio of fixed assets to long-term abilities 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-earings ratio 17. Dividends per share of common stock 18. Dividend yield WC.S, J, CA, & Schneider, 1.5, (2021) Aunting (8) Boston, MA Cong Compa