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

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Measures Of Liquidity Solvency And Profitability The Comparative Financial Statements Of Marshall Inc Are As Follows 1 (61.86 KiB) Viewed 64 times

Measures Of Liquidity Solvency And Profitability The Comparative Financial Statements Of Marshall Inc Are As Follows 2 (51.27 KiB) Viewed 64 times

Measures Of Liquidity Solvency And Profitability The Comparative Financial Statements Of Marshall Inc Are As Follows 3 (49.69 KiB) Viewed 64 times

Measures of liquidity, Solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 57 on Marshall Inc Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Retained earnings, January 1 $2,812,900 $2,372,700 Net income 660,000 486,000 Total $3,472,900 $2,858,700 Dividends: On preferred stock $8,400 $8,400 On common stock 37,400 37,400 Total dividends $45,800 $45,800 Retained earnings, December 31 $3,427,100 $2,812,900 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 2011 $3,631,990 1,249,180 $2,382,810 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue $3,942,000 1,357,800 $2,584,200 $891,700 759,600 $1,651,300 $932,900 49,100 $982,000 232,000 $750,000 90,000 $660,000 $1,098,470 645,140 $1,743,610 $639,200 40,800 $680,000 128,000 $552,000 66,000 Other expense (Interest) Income before Income tax Income tax expense Net income $486,000

Cash Marshall Inc. Comparative Balance Sheet December 31, 2012 and 2041 2012 2011 Assets Current assets $520,640 $689,420 Marketable securities 788,000 1,142,480 Accounts receivable (net) 678,900 635,100 Inventories 511,000 394,200 Prepaid expenses 98,500 137,880 Total current assets $2,597,040 $2,999,080 Long-term investments 2,105,740 922,751 Property, plant, and equipment (net) 3,770,000 3,393,000 Total assets $8,472,780 $7,314,831 Liabilities Current liabilities $865,680 $1,621,931 Long-term liabilities: Mortgage note payable, 8% $1,300,000 50 Bonds payable, 8% 1,600,000 1,600,000 Total long-term liabilities $2,900,000 $1,600,000 Total liabilities $3,765,680 $3,221,931 Stockholders' Equity Preferred $0.70 stock, $50 par $600,000 $600,000 Common stock, $10 par 680,000 680,000 Retained earnings 3,427,100 2,812,900 Total stockholders equity $4,707,100 $4,092,900 Total liabilities and stockholders equity $8,472,780 $7,314,831 Required: Determine the following measures for 2012, rounding to one decimal place, except for dollar amounts, which should 1. Woring capital 1,731,36 2. Current ratio 3. Quick ratio 2.30 4. Accounts receivable turnover 61 5. Number of days Sales in receivables days 6. Tritory tumor 7. Number of die inventory days * Check My Work

Ch. 17 HW eBook $1,300,000 $0 1,600,000 1,600,000 $2,900,000 $1,600,000 $3,765,680 $3,221,931 Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.70 stock, $50 par Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders equity $600,000 $600,000 680,000 680,000 3,427,100 2,812,900 $4,707,100 $4,092,900 $8,472,780 $7,314,831 Required: Determine the following measures for 2012, rounding to one decimal place, except for dollar amounts, which shou 1. Working capital 1,731,36 2. Current ratio 3 2.30 6 x days x x days 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 7. Number of days' sales in inventory 8. Ratio of foed assets to long-term abilities 9. Ratio of liabilities to stockholders equity 10. Times interest eamed 11. Asset turnover 12. Return on total assets 13. Return on stockholders' equity 14. Return on common stockholders equity 15. Carnings per share on common stock 16. Price-anings ratio 17. Dividends per share of common stock 18. Dividend yield Feedback 0.50 X% X% X 9.58 5.95 0.55