Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 Retained earnings, January 1..... Net income ... Dividends: On preferred stock. On common stock.. Increase in retained earnings... Retained earnings, December 31 20Y2 $3,704,000 $ 600,000 (10,000) (100,000) $ 490,000 $4,194,000 20Y1 $3,264,000 $ 550,000 (10,000) (100,000) $ 440,000 $3,704,000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 $ 10,850,000 (6,000,000) 20Y1 $10,000,000 (5,450,000) $ 4,850,000 $ 4,550,000 $ (2,170,000) $ (2,000,000) (1,627,500) (1,500,000) $(3,797,500) $ (3,500,000) $ 1,052,500 $ 1,050,000 Sales...... Cost of goods sold. Gross profit...... Selling expenses Administrative expenses.. Total operating expenses Operating income.... Other revenue and expense: Other revenue.... Other expense (interest).... Income before income tax expense. Income tax expense.. Net income.. Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Assets Current assets: Cash... Marketable securities. Accounts receivable (net).. Inventories ... Prepaid expenses Total current assets Long-term investments... Property, plant, and equipment (net) Total assets .... Current liabilities... Long-term liabilities: Mortgage note payable, 6%, . Bonds payable, 4%, ... Total long-term liabilities. Liabilities Total liabilities.... Stockholders' Equity Preferred 4% stock, $5 par Common stock, $5 par... Retained earnings.... Total stockholders' equity. Total liabilities and stockholders' equity. 99,500 20,000 (132,000) (120,000) $ 1,020,000 $ 950,000 (420,000) (400,000) $ 600,000 $550,000 20Y2 20Y1 $1,050,000 $ 950,000 301,000 420,000 585,000 500,000 420,000 380,000 108,000 20,000 $ 2,464,000 $2,270,000 800,000 800,000 5,760,000 $ 9,024,000 5,184,000 $8,254,000 $ 880,000 $800,000 $ 200,000 $ 3,000,000 $3,200,000 0 3,000,000 $3,000,000 $4,080,000 $3,800,000 $ 250,000 $ 250,000 500,000 500,000 4,194,000 $4,944,000 $ 9,024,000 3,704,000 $4,454,000 $8,254,000 INSTRUCTIONS S Search Home Insert Draw Design Layout References Malings Review View Help Foxit POF Link- Comments Editing-Share A QuikSignature LineπEquation Table Pictures Shapes on 30 SmartArt Chart Screenshot Online Comment Header Footer Page Text A Word- Date&Time Model Videos C Number Box Drop Cap Object- Page Hu Meda Comments Ted INSTRUCTIONS Determine the following measures for 2017 Round to one decimal place, including percentages, except for pes-share amounts, which should be rounded to the nearest cent 1.Working capital 2.Current ratio 3.Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6 Inventory 7. Number of days' sales in inventer 9. Ratio of liabilities to stockholders' 11. Asset turnover 12. Return on total over Ratio of foxed assets to long-term bi ity 10 Times interest cared acts 13 Return on stockholders' equity 14. Return on common stockholders' quity 15. Earnings per share on common stock 16. Price-earnings catio 17. Dividends per share of common stock 18. Dividend yield 11 English Text Presidions On by Good toge 19
Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 Retained earnings, January 1..... Net income ... Dividends: On preferred stock. On common stock.. Increase in retained earnings... Retained earnings, December 31 20Y2 $3,704,000 $ 600,000 (10,000) (100,000) $ 490,000 $4,194,000 20Y1 $3,264,000 $ 550,000 (10,000) (100,000) $ 440,000 $3,704,000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 $ 10,850,000 (6,000,000) 20Y1 $10,000,000 (5,450,000) $ 4,850,000 $ 4,550,000 $ (2,170,000) $ (2,000,000) (1,627,500) (1,500,000) $(3,797,500) $ (3,500,000) $ 1,052,500 $ 1,050,000 Sales...... Cost of goods sold. Gross profit...... Selling expenses Administrative expenses.. Total operating expenses Operating income.... Other revenue and expense: Other revenue.... Other expense (interest).... Income before income tax expense. Income tax expense.. Net income.. Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Assets Current assets: Cash... Marketable securities. Accounts receivable (net).. Inventories ... Prepaid expenses Total current assets Long-term investments... Property, plant, and equipment (net) Total assets .... Current liabilities... Long-term liabilities: Mortgage note payable, 6%, . Bonds payable, 4%, ... Total long-term liabilities. Liabilities Total liabilities.... Stockholders' Equity Preferred 4% stock, $5 par Common stock, $5 par... Retained earnings.... Total stockholders' equity. Total liabilities and stockholders' equity. 99,500 20,000 (132,000) (120,000) $ 1,020,000 $ 950,000 (420,000) (400,000) $ 600,000 $550,000 20Y2 20Y1 $1,050,000 $ 950,000 301,000 420,000 585,000 500,000 420,000 380,000 108,000 20,000 $ 2,464,000 $2,270,000 800,000 800,000 5,760,000 $ 9,024,000 5,184,000 $8,254,000 $ 880,000 $800,000 $ 200,000 $ 3,000,000 $3,200,000 0 3,000,000 $3,000,000 $4,080,000 $3,800,000 $ 250,000 $ 250,000 500,000 500,000 4,194,000 $4,944,000 $ 9,024,000 3,704,000 $4,454,000 $8,254,000 INSTRUCTIONS S Search Home Insert Draw Design Layout References Malings Review View Help Foxit POF Link- Comments Editing-Share A QuikSignature LineπEquation Table Pictures Shapes on 30 SmartArt Chart Screenshot Online Comment Header Footer Page Text A Word- Date&Time Model Videos C Number Box Drop Cap Object- Page Hu Meda Comments Ted INSTRUCTIONS Determine the following measures for 2017 Round to one decimal place, including percentages, except for pes-share amounts, which should be rounded to the nearest cent 1.Working capital 2.Current ratio 3.Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6 Inventory 7. Number of days' sales in inventer 9. Ratio of liabilities to stockholders' 11. Asset turnover 12. Return on total over Ratio of foxed assets to long-term bi ity 10 Times interest cared acts 13 Return on stockholders' equity 14. Return on common stockholders' quity 15. Earnings per share on common stock 16. Price-earnings catio 17. Dividends per share of common stock 18. Dividend yield 11 English Text Presidions On by Good toge 19
Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 Retained earnings, January 1..... Net income ... Dividends: On preferred stock. On common stock.. Increase in retained earnings... Retained earnings, December 31 20Y2 $3,704,000 $ 600,000 (10,000) (100,000) $ 490,000 $4,194,000 20Y1 $3,264,000 $ 550,000 (10,000) (100,000) $ 440,000 $3,704,000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 $ 10,850,000 (6,000,000) 20Y1 $10,000,000 (5,450,000) $ 4,850,000 $ 4,550,000 $ (2,170,000) $ (2,000,000) (1,627,500) (1,500,000) $(3,797,500) $ (3,500,000) $ 1,052,500 $ 1,050,000 Sales...... Cost of goods sold. Gross profit...... Selling expenses Administrative expenses.. Total operating expenses Operating income.... Other revenue and expense: Other revenue.... Other expense (interest).... Income before income tax expense. Income tax expense.. Net income.. Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Assets Current assets: Cash... Marketable securities. Accounts receivable (net).. Inventories ... Prepaid expenses Total current assets Long-term investments... Property, plant, and equipment (net) Total assets .... Current liabilities... Long-term liabilities: Mortgage note payable, 6%, . Bonds payable, 4%, ... Total long-term liabilities. Liabilities Total liabilities.... Stockholders' Equity Preferred 4% stock, $5 par Common stock, $5 par... Retained earnings.... Total stockholders' equity. Total liabilities and stockholders' equity. 99,500 20,000 (132,000) (120,000) $ 1,020,000 $ 950,000 (420,000) (400,000) $ 600,000 $550,000 20Y2 20Y1 $1,050,000 $ 950,000 301,000 420,000 585,000 500,000 420,000 380,000 108,000 20,000 $ 2,464,000 $2,270,000 800,000 800,000 5,760,000 $ 9,024,000 5,184,000 $8,254,000 $ 880,000 $800,000 $ 200,000 $ 3,000,000 $3,200,000 0 3,000,000 $3,000,000 $4,080,000 $3,800,000 $ 250,000 $ 250,000 500,000 500,000 4,194,000 $4,944,000 $ 9,024,000 3,704,000 $4,454,000 $8,254,000 INSTRUCTIONS S Search Home Insert Draw Design Layout References Malings Review View Help Foxit POF Link- Comments Editing-Share A QuikSignature LineπEquation Table Pictures Shapes on 30 SmartArt Chart Screenshot Online Comment Header Footer Page Text A Word- Date&Time Model Videos C Number Box Drop Cap Object- Page Hu Meda Comments Ted INSTRUCTIONS Determine the following measures for 2017 Round to one decimal place, including percentages, except for pes-share amounts, which should be rounded to the nearest cent 1.Working capital 2.Current ratio 3.Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6 Inventory 7. Number of days' sales in inventer 9. Ratio of liabilities to stockholders' 11. Asset turnover 12. Return on total over Ratio of foxed assets to long-term bi ity 10 Times interest cared acts 13 Return on stockholders' equity 14. Return on common stockholders' quity 15. Earnings per share on common stock 16. Price-earnings catio 17. Dividends per share of common stock 18. Dividend yield 11 English Text Presidions On by Good toge 19
A comparative retained earnings statement for Marshall Inc., for the years ended December 31, 20Y2 and 20Y1, is shown. The following two column headings are shown: 20Y2 and 20Y1. For Retained earnings, January 1, the following amounts are listed: 20Y2, $3,704,000; 20Y1, $3,264,000. A single rule appears below $3,704,000 and $3,264,000. For Net income, the following amounts are listed: 20Y2, 600,000; 20Y1, 550,000. Under Dividends:, the amounts for On preferred stock and On common stock are shown on two lines. For On preferred stock, the following amounts are listed: 20Y2, (10,000) set in parentheses; 20Y1, (10,000) set in parentheses. For On common stock, the following amounts are listed: 20Y2, (100,000) set in parentheses; 20Y1, (100,000) set in parentheses. A single rule appears below (100,000) set in parentheses and below (100,000) set in parentheses. For Increase in retained earnings, the following amounts are listed: 20Y2, $490,000; 20Y1, $440,000. A single rule appears below $490,000 and $440,000. For Retained earnings, December 31, the following amounts are listed: 20Y2, $4,194,000; 20Y1, $3,704,000. A double rule appears below $4,194,000 and $3,704,000. A comparative income statement for Marshall Inc., for the years ended December 31, 20Y2 and 20Y1, is shown. Sales are $10,850,000 for 20Y2 and $10,000,000 for 20Y1. Cost of goods sold is (6,000,000) set in parentheses for 20Y2 and (5,450,000) set in parentheses for 20Y1. A single rule appears below (6,000,000) set in parentheses and below (5,450,000) set in parentheses. Gross profit is $4,850,000 for 20Y2 and $4,550,000 for 20Y1. A single rule appears below $4,850,000 and $4,550,000. Selling expenses is $(2,170,000) set in parentheses for 20Y2 and $(2,000,000) set in parentheses for 20Y1. Administrative expenses is (1,627,500) set in parentheses for 20Y2 and (1,500,000) set in parentheses for 20Y1. A single rule appears below (1,627,500) set in parentheses and below (1,500,000) set in parentheses. Total operating expenses is $(3,797,500) set in parentheses for 20Y2 and $(3,500,000) set in parentheses for 20Y1. A single rule appears below $(3,797,500) set in parentheses and below $(3,500,000) set in parentheses. Operating income is $1,052,500 for 20Y2 and $1,050,000 for 20Y1. Under Other revenue and expense:, Other revenue is 99,500 for 20Y2 and 20,000 for 20Y1. Other expense (interest) is (132,000) set in parentheses for 20Y2 and (120,000) set in parentheses for 20Y1. A single rule appears below (132,000) set in parentheses and below (120,000) set in parentheses. Income before income tax expense is $1,020,000 for 20Y2 and $950,000 for 20Y1. Income tax expense is (420,000) set in parentheses for 20Y2 and (400,000) set in parentheses for 20Y1. A single rule appears below (420,000) set in parentheses and below (400,000) set in parentheses. Net income is $600,000 for 20Y2 and $550,000 for 20Y1. A double rule appears below $600,000 and $550,000. A comparative balance sheet for December 31, 20Y2 and 20Y1 for Marshall Inc. is shown. The Assets section includes the following Current assets: Cash: $1,050,000 for 20Y2 and $950,000 for 20Y1; Marketable securities: 301,000 for 20Y2 and 420,000 for 20Y1; Accounts receivable (net): 585,000 for 20Y2 and 500,000 for 20Y1; Inventories: 420,000 for 20Y2 and 380,000 for 20Y1; Prepaid expenses: 108,000 for 20Y2 and 20,000 for 20Y1; and Total current assets: $2,464,000 for 20Y2 and $2,270,000 for 20Y1. A single rule appears below 108,000 and 20,000. Long-term investments is 800,000 for 20Y2 and 800,000 for 20Y1. Property, plant, and equipment (net) is 5,760,000 for 20Y2 and 5,184,000 for 20Y1. A single rule appears below 5,760,000 and 5,184,000. Total assets is $9,024,000 for 20Y2 and $8,254,000 for 20Y1. A double rule appears below $9,024,000 and $8,254,000. The Liabilities section includes the following: Current liabilities: $880,000 for 20Y2 and $800,000 for 20Y1. A single rule appears below $880,000 and $800,000. Under Long-term liabilities:, Mortgage note payable, 6% is $200,000 for 20Y2 and $0 for 20Y1; and Bonds payable, 4% is 3,000,000 for 20Y2 and 3,000,000 for 20Y1. A single rule appears below 3,000,000 and 3,000,000. Total long-term liabilities is $3,200,000 for 20Y2 and $3,000,000 for 20Y1. A single rule appears below $3,200,000 and $3,000,000. Total liabilities is $4,080,000 for 20Y2 and $3,800,000 for 20Y1. A single rule appears below $4,080,000 and $3,800,000. The Stockholders’ Equity section includes the following: Preferred 4% stock, $5 par: $250,000 for 20Y2 and $250,000 for 20Y1; Common stock, $5 par: 500,000 for 20Y2 and 500,000 for 20Y1; Retained earnings: 4,194,000 for 20Y2 and 3,704,000 for 20Y1; Total stockholders’ equity: $4,944,000 for 20Y2 and $4,454,000 for 20Y1; and Total liabilities and stockholders’ equity: $9,024,000 for 20Y2 and $8,254,000 for 20Y1. A single rule appears below $4,944,000 and $4,454,000. A double rule appears below $9,024,000 and $8,254,000.
Transcribed Image Text:Marshall Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 20Y2 and 20Y1
Retained earnings, January 1.....
Net income ...
Dividends:
On preferred stock.
On common stock..
Increase in retained earnings...
Retained earnings, December 31
20Y2
$3,704,000
$ 600,000
(10,000)
(100,000)
$ 490,000
$4,194,000
20Y1
$3,264,000
$ 550,000
(10,000)
(100,000)
$ 440,000
$3,704,000
Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2
$ 10,850,000
(6,000,000)
20Y1
$10,000,000
(5,450,000)
$ 4,850,000 $ 4,550,000
$ (2,170,000) $ (2,000,000)
(1,627,500) (1,500,000)
$(3,797,500) $ (3,500,000)
$ 1,052,500 $ 1,050,000
Sales......
Cost of goods sold.
Gross profit......
Selling expenses
Administrative expenses..
Total operating expenses
Operating income....
Other revenue and expense:
Other revenue....
Other expense (interest)....
Income before income tax expense.
Income tax expense..
Net income..
Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
Assets
Current assets:
Cash...
Marketable securities.
Accounts receivable (net)..
Inventories ...
Prepaid expenses
Total current assets
Long-term investments...
Property, plant, and equipment (net)
Total assets ....
Current liabilities...
Long-term liabilities:
Mortgage note payable, 6%, .
Bonds payable, 4%, ...
Total long-term liabilities.
Liabilities
Total liabilities....
Stockholders' Equity
Preferred 4% stock, $5 par
Common stock, $5 par...
Retained earnings....
Total stockholders' equity.
Total liabilities and stockholders' equity.
99,500
20,000
(132,000) (120,000)
$ 1,020,000 $ 950,000
(420,000) (400,000)
$
600,000
$550,000
20Y2
20Y1
$1,050,000
$ 950,000
301,000
420,000
585,000
500,000
420,000
380,000
108,000
20,000
$ 2,464,000
$2,270,000
800,000
800,000
5,760,000
$ 9,024,000
5,184,000
$8,254,000
$ 880,000 $800,000
$ 200,000 $
3,000,000
$3,200,000
0
3,000,000
$3,000,000
$4,080,000 $3,800,000
$ 250,000 $ 250,000
500,000
500,000
4,194,000
$4,944,000
$ 9,024,000
3,704,000
$4,454,000
$8,254,000
Transcribed Image Text:INSTRUCTIONS S
Search
Home Insert Draw Design Layout References Malings Review View Help Foxit POF
Link-
Comments Editing-Share
A QuikSignature LineπEquation
Table Pictures Shapes on 30 SmartArt Chart Screenshot Online
Comment Header Footer
Page
Text
A Word-
Date&Time
Model
Videos
C
Number
Box
Drop Cap
Object-
Page
Hu
Meda
Comments
Ted
INSTRUCTIONS
Determine the following measures for 2017 Round to one decimal place, including percentages,
except for pes-share amounts, which should be rounded to the nearest cent
1.Working capital 2.Current ratio 3.Quick ratio 4. Accounts receivable turnover
5. Number of days' sales in receivables 6 Inventory
7. Number of days' sales in inventer
9. Ratio of liabilities to stockholders'
11. Asset turnover 12. Return on total
over
Ratio of foxed assets to long-term bi
ity 10 Times interest cared
acts 13 Return on stockholders' equity
14. Return on common stockholders' quity 15. Earnings per share on common stock
16. Price-earnings catio 17. Dividends per share of common stock
18. Dividend yield
11
English Text Presidions On
by Good toge
19
Definition Definition Assets available to stockholders after a company's liabilities are paid off. Stockholders’ equity is also sometimes referred to as owner's equity. A stockholders’ equity or book value generally includes common stock, preferred stock, and retained earnings and is an indicator of a company's financial strength.
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