5 Measures of liquidity, solvency, and profitabilityThe 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 StatementFor the Years Ended December 31, 20Y2 and 20Y120Y2$3,704,000$ 600,000Retained earnings, January 1Net incomeDividends:On preferred stockOn common stockIncrease in retained earningsRetained earnings, December 31SalesCost of goods soldGross profitSelling expensesAdministrative expensesTotal operating expenses(10,000)(100,000)$ 490,000$4,194,000Marshall Inc.Comparative Income StatementFor the Years Ended December 31, 20Y2 and 20Y120Y2Operating incomeOther revenue and expense:Other revenueOther expense (interest)Income before income tax expenseIncome tax expenseNet income20Y1$3,264,000$ 550,000(10,000)(100,000)$ 440,000$3,704,000$ 10,850,000(6,000,000)$ 4,850,000$ (2,170,000)(1,627,500)$(3,797,500)$ 1,052,50099,500(132,000)$ 1,020,000(420,000)$ 600,00020Y1$10,000,000(5,450,000)$ 4,550,000$ (2,000,000)(1,500,000)$ (3,500,000)$ 1,050,00020,000(120,000)$ 950,000(400,000)$ 550,000 Current assets:CashPrepaid expensesMarshall Inc.Comparative Balance SheetDecember 31, 20Y2 and 20Y1Marketable securitiesAccounts receivable (net)InventoriesCurrent liabilitiesLong-term liabilities:Total current assetsLong-term investmentsProperty, plant, and equipment (net)Total assetsAssetsTotal long-term liabilitiesTotal liabilitiesMortgage note payable, 6%Bonds payable, 4%LiabilitiesPreferred 4% stock, $5 parCommon stock, $5 parRetained earningsStockholders' Equity1. Working Capital2. Current ratio3. Quick ratio4. Accounts receivable turnover5. Number of days' sales in receivables6. Inventory turnover7. Number of days' sales in inventory8. Ratio of fixed assets to long-term liabilities9. Ratio of liabilities to stockholders' equity10. Times interest earned1. Asset tur20Y212. Return on total assets13. Return on stockholders' equity14. Return on common stockholders' equity15. Earnings per share on common stock $16. Price-earnings ratio17. Dividends per share of common stock18. Dividend yield$1,050,000301,000585,000420,000108,000$ 2,464,000800,0005,760,000$ 9,024,000$ 880,000$ 200,0003,000,000$3,200,000$ 4,080,000$ 250,000500,0004,194,000$ 4,944,000$ 9,024,000%%%20Y1%$ 950,000420,000Total stockholders' equityTotal liabilities and stockholders' equityDetermine the following measures for 20Y2. Round to one decimal place, including percentages, except for per-share amounts, which should be rounded to the nearest cent.500,000380,00020,000$2,270,000800,0005,184,000$8,254,000$ 800,000$03,000,000$3,000,000$3,800,000$ 250,000500,0003,704,000$4,454,000$8,254,000

Measures of liquidity, solvency, and profitability 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 20Y2 $3,704,000 $ 600,000 Retained earnings, January 1 Net income Dividends: On preferred stock On common stock Increase in retained earnings Retained earnings, December 31 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Operating income Other revenue and expense: (10,000) (100,000) $ 490,000 $4,194,000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 Other revenue Other expense (interest) Income before income tax expense Income tax expense Net income 20Y1 $3,264,000 $ 550,000 (10,000) (100,000) $ 440,000 $3,704,000 $ 10,850,000 (6,000,000) $ 4,850,000 $ (2,170,000) (1,627,500) $(3,797,500) $ 1,052,500 99,500 (132,000) $ 1,020,000 (420,000) $ 600,000 20Y1 $10,000,000 (5,450,000) $ 4,550,000 $ (2,000,000) (1,500,000) $ (3,500,000) $ 1,050,000 20,000 (120,000) $ 950,000 (400,000) $ 550,000