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Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows....


Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The
$473,900 $565,070 331,870 403,690 $877,590 $486,780 $896,940 $361,150 Selling expenses Administrative expenses Total operatin
Prepaid expenses Total current assets 59,500 89,947 $1,963,797 Long-term investments Property, plant, and equipment (net) 671
Required: Determine the following measures for 2012, rounding to one decimal place, except for dollar amounts, which should b
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 62 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2011 2012 2011 Retained earnings, January 1 $1,569,900 $1,328,700 Net Income 331,200 272,200 Dividends: On preferred stock (11,200) く On common stock (11,200) (19,800) $1,870,100 (19,800) Retained earnings, December 31 $1,569,900 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2012 2011 Sales $1,939,760 $2,105,320 740,950 Cost of merchandise sold 681,670 $1,258,090 Gross profit $1,364,370 Selling expenses $473,900 $565,070
$473,900 $565,070 331,870 403,690 $877,590 $486,780 $896,940 $361,150 Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue and expense: Other revenue Other expense (interest) Income before income tax expense Income tax expense Net income 25,620 (136,000) $376,400 23,050 (75,200) $309,000 36,800 $272,200 45,200 $331,200 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2041 2012 2011 Assets Current assets: Cash $475,410 $297,510 493,030 Marketable securities 719,540 Accounts receivable (net) 386,900 365,000 Inventories 292,000 219,000 Prepaid expenses 89,947 59,500
Prepaid expenses Total current assets 59,500 89,947 $1,963,797 Long-term investments Property, plant, and equipment (net) 671,393 2,210,000 $4,845,190 $1,434,040 74,627 1,989,000 $3,497,667 Total assets Liabilities $595,090 $307,767 $0 940,000 Current liabilities Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.70 stock, $20 par Common stock, $10 par $760,000 940,000 $1,700,000 $2,295,090 $940,000 $1,247,767 $320,000 $320,000 360,000 360,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 1,870,100 $2,550,100 $4,845,190 1,569,900 $2,249,900 $3,497,667 Required: Determine the following measures for 2012, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year 1. Working capital 1,368,707 ✓ 2. Current ratio 3.3 ✓
Required: Determine the following measures for 2012, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year. 1. Working capital 1,368,707 2. Current ratio 3.3 3. Quick ratio 2.7 5.6 ✓ days 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity days 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-earnings ratio 17. Dividends per share of common stock 18. Dividend yield %
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ReportAnswer #1

1. Working lapital $1368707 Notes: Current liabilities working capital : Current Asset Worteing Capital for 2012- #1963 797 $Number of days sales in receivable Avevouge account Receivable * 36 5000 + $ 386900) = $375950 2 9042 $375 950 5 Account Rece2210000 9:13 9. Ratio of 0.9 Times in teuest eauned / Net In Come + Fixed Assets Property Plane equit men iwel) Ratio of fixeReturn . on total Assets Notes Retum on total Assets 7.9 Net Income total Assets Average Average total Assels = $4171428.50 RAvevage Common Stoces widler Equity = $331200 - $112.00 X700 $ 2080 000 $ 320000 XID - 15:3841 $ 2080 000 Avellage Common Stosince, Hauket brice of shave is not given, assume boole value of and Cummun stoele equal to mau ket price. retained earning 1

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