Current assets: Cash Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 Assets Marketable securitie

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Current Assets Cash Marshall Inc Comparative Balance Sheet December 31 20y2 And 20y1 20y2 Assets Marketable Securitie 1 (109.44 KiB) Viewed 13 times

Current assets: Cash Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 Assets Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities Current liabilities Long-term liabilities: 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 Required: 20Y1 $928,770 $837,000 1,405,700 1,387,020 846,800 795,700 627,800 481,800 175,713 167,400 $3,984,783 $3,668,920 2,026,627 1,175,670 4,560,000 4,104,000 $10,571,410 $8,948,590 $1,207,510 $2,022,490 $0 $1,710,000 2,090,000 2,090,000 $3,800,000 $2,090,000 $5,007,510 $4,112,490 $700,000 $700,000 800,000 800,000 4,063,900 3,336,100 $5,563,900 $4,836,100 $10,571,410 $8,948,590
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 65 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y1 Retained earnings, January 1 Net income Dividends: On preferred stock. (9,800) On common stock (32,000) Retained earnings, December 31 $4,063,900 Sales Cost of merchandise sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue and expense: 20Y2 $3,336,100 769,600 Other revenue Other expense (interest) Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Income before income tax expense Income tax expense Net income $4,516,875 1,553,440 $2,963,435 $995,690 848,175 $1,843,865 $1,119,570 $2,803,700 574,200 58,930 (304,000) $874,500 104,900 $769,600 (9,800) (32,000) $3,336,100 $4,161,620 1,429,160 $2,732,460 $1,235,730 725,740 $1,961,470 $770,990 49,210 (167,200) $653,000 78,800 $574,200
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. ar Marshall Inc. Comparative Retained Earni