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. Marshall Inc. Determine 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. Comparative Retained Earnings Statement Comparative Balance Sheet For the Years Ended December 31, 20Y2 and 20Y1 December 31, 20Y2 and 20Y1 20Υ2 20Υ1 20Y2 20Y1 $3,704,000 $3,264,000 $ 550,000 $ 600,000 Retained earnings, January 1 Assets 1. Working Capital Net income Current assets: Dividends: 2. Current ratio Cash $1,050,000 $ 950,000 On preferred stock On common stock (10,000) (10,000) 3. Quick ratio Marketable securities 301,000 420,000 (100,000) $ 490,000 (100,000) Increase in retained earnings $ 440,000 Accounts receivable (net) 585,000 500,000 4. Accounts receivable turnover Retained earnings, December 31 $4,194,000 $3,704,000 Inventories 420,000 380,000 5. Number of days' sales in receivables Prepaid expenses 108,000 20,000 $ 2,464,000 $2,270,000 6. Inventory turnover Total current assets Marshall Inc. Long-term investments 800,000 800,000 7. Number of days' sales in inventory Comparative Income Statement 5,760,000 5,184,000 $9,024,000 $8,254,000 Property, plant, and equipment (net) For the Years Ended December 31, 20Y2 and 20Y1 8. Ratio of fixed assets to long-term liabilities Total assets 20Υ2 20Υ1 Liabilities 9. Ratio of liabilities to stockholders' equity $ 10,850,000 (6,000,000) Sales $10,000,000 $ 880,000 $ 800,000 Cost of goods sold (5,450,000) Current liabilities 10. Times interest earned Gross profit $4,850,000 $ 4,550,000 Long-term liabilities: $ 200,000 11. Asset turnover $0 Mortgage note payable, 6% $ (2,000,000) (1,500,000) Selling expenses $ (2,170,000) (1,627,500) Administrative expenses Bonds payable, 4% 3,000,000 3,000,000 12. Return on total assets $ 3,200,000 $3,000,000 $ 4,080,000 $3,800,000 $(3,797,500) $ (3,500,000) $ 1,050,000 Total operating expenses Total long-term liabilities 13. Return on stockholders' equity Operating income $ 1,052,500 Total liabilities 14. Return on common stockholders' equity Other revenue and expense: Stockholders' Equity Other revenue Other expense (interest) 99,500 20,000 Preferred 4% stock, $5 par $ 250,000 $ 250,000 15. Earnings per share on common stock (120,000) $ 950,000 (132,000) Common stock, $5 par 500,000 500,000 16. Price-earnings ratio Income before income tax expense $1,020,000 Retained earnings 4,194,000 3,704,000 Income tax expense (420,000) (400,000) 17. Dividends per share of common stock $ 4,944,000 $4,454,000 $ 9,024,000 Total stockholders' equity Net income $ 600,000 $ 550,000 Total liabilities and stockholders' equity $8,254,000 18. Dividend yield