FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The comparative Financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2.

Instructions
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.
1. Working capital
2. Current ratio 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 fixed assets to long-term liabilities 9- Ratio of liabilities to stockholders' equity
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

Marshall Inc.
Comparative Retained Earmings Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2
20Y1
53,704,000
5 600,000
Retained earnings January1.
$3,164,000
$ 550.000
Net income.
Dividends:
On preferred stock-
On common stock.
Increase in retained earnings.
(10,000)
(100.000
[10,000)
(100.0000
S 440,000
$3,704.000
Retained eamings December 31.
190,000
54,194,000
Marshall Inc.
Comparative Income Statemant
For the Years Ended December 31, 20Y2 and 20V1
20Y2
20Y1
Sales
$10,850,000 $10,000,000
Cost of goods sold..
Gross profit...
Selling expenses..
Administrative expenses.
Total operating epenses
(5,450.000)
$ 4.850,000 $ 45S0.000
S 12,170000 S (2,000,000
(1,627,500)
$(3,797,500) S (3,500,000
$ 1,050,000
(6,000,000
(1,500,000)
Operating income....
Other revenue and expense:
Other revenue...
Other expense (interest).
Income before income tax expense
99,500
(132,000
1,020,000
(420,000
600,000
20,000
(120,0001
950,000
(400.000
550,000
Income tax eхрense.
Net income.
Mershall inc.
Camparative Balance Sheat
December 31, 20Y2 and 20Y1
20Y2
20V1
Assats
Current assets:
$1,050,000 S 950,000
420,000
S00,000
380,000
20,000
$2,464,000 S2,270,000
800,000
Cash
Marketable securities..
301,000
Accounts receivable (net).
Inventories ..
Prepaid expenses
Total current assets
585,000
420,000
100,000
Long-term investments.
900,000
Property, plant, and equipment (net)
Total assets.
5,760,000
5,184,000
$9,024,000 $8,254,000
Liabilities
Current liabilities..
Lang-term liabilities
Mortgage note payable, 6
Bonds payable, 4%,
Total long-term liebilities..
Total liabilities
$ 880000 S 800,000
$ 200,000S
3,000,000
$3,200,000 $3,000,00
$4,080,000
3,000,000
$3,800,000
Steckholders' Equity
Preferred 4 stock, 55 par
Comman stock, $5 par.
Retained earnings.
$ 250.000 $ 250,000
500,000
4.194,000
34,944,000
S00,000
3,704,000
54.454.000
$8,254,000
Total stockholders'equity
Total abilities and stockholders'equity.
$9,024,000
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Transcribed Image Text:Marshall Inc. Comparative Retained Earmings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 53,704,000 5 600,000 Retained earnings January1. $3,164,000 $ 550.000 Net income. Dividends: On preferred stock- On common stock. Increase in retained earnings. (10,000) (100.000 [10,000) (100.0000 S 440,000 $3,704.000 Retained eamings December 31. 190,000 54,194,000 Marshall Inc. Comparative Income Statemant For the Years Ended December 31, 20Y2 and 20V1 20Y2 20Y1 Sales $10,850,000 $10,000,000 Cost of goods sold.. Gross profit... Selling expenses.. Administrative expenses. Total operating epenses (5,450.000) $ 4.850,000 $ 45S0.000 S 12,170000 S (2,000,000 (1,627,500) $(3,797,500) S (3,500,000 $ 1,050,000 (6,000,000 (1,500,000) Operating income.... Other revenue and expense: Other revenue... Other expense (interest). Income before income tax expense 99,500 (132,000 1,020,000 (420,000 600,000 20,000 (120,0001 950,000 (400.000 550,000 Income tax eхрense. Net income. Mershall inc. Camparative Balance Sheat December 31, 20Y2 and 20Y1 20Y2 20V1 Assats Current assets: $1,050,000 S 950,000 420,000 S00,000 380,000 20,000 $2,464,000 S2,270,000 800,000 Cash Marketable securities.. 301,000 Accounts receivable (net). Inventories .. Prepaid expenses Total current assets 585,000 420,000 100,000 Long-term investments. 900,000 Property, plant, and equipment (net) Total assets. 5,760,000 5,184,000 $9,024,000 $8,254,000 Liabilities Current liabilities.. Lang-term liabilities Mortgage note payable, 6 Bonds payable, 4%, Total long-term liebilities.. Total liabilities $ 880000 S 800,000 $ 200,000S 3,000,000 $3,200,000 $3,000,00 $4,080,000 3,000,000 $3,800,000 Steckholders' Equity Preferred 4 stock, 55 par Comman stock, $5 par. Retained earnings. $ 250.000 $ 250,000 500,000 4.194,000 34,944,000 S00,000 3,704,000 54.454.000 $8,254,000 Total stockholders'equity Total abilities and stockholders'equity. $9,024,000
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