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.Comparative Retained Earnings StatementFor the Years Ended December 31, 20Y2 and 20Y1 Line Item Description 20Y2 20Y1 Retained earnings, January 1 $3,704,000 $3,264,000 Net income $600,000 $550,000 Dividends: On preferred stock (10,000) (10,000) On common stock (100,000) (100,000) Increase in retained earnings $490,000 $440,000 Retained earnings, December 31 $4,194,000 $3,704,000 Marshall Inc.Comparative Income StatementFor the Years Ended December 31, 20Y2 and 20Y1 Line Item Description 20Y2 20Y1 Sales $10,850,000 $10,000,000 Cost of goods sold (6,000,000) (5,450,000) Gross profit $4,850,000 $4,550,000 Selling expenses $(2,170,000) $(2,000,000) Administrative expenses (1,627,500) (1,500,000) Total operating expenses $(3,797,500) $(3,500,000) Operating income $1,052,500 $1,050,000 Other revenue and expense: Other revenue 99,500 20,000 Other expense (interest) (132,000) (120,000) Income before income tax expense $1,020,000 $950,000 Income tax expense (420,000) (400,000) Net income $600,000 $550,000 Marshall Inc.Comparative Balance SheetDecember 31, 20Y2 and 20Y1 Line Item Description 20Y2 20Y1 Assets Current assets: Cash $1,050,000 $950,000 Marketable securities 301,000 420,000 Accounts receivable (net) 585,000 500,000 Inventories 420,000 380,000 Prepaid expenses 108,000 20,000 Total current assets $2,464,000 $2,270,000 Long-term investments 800,000 800,000 Property, plant, and equipment (net) 5,760,000 5,184,000 Total assets $ 9,024,000 $8,254,000 Liabilities Current liabilities $ 880,000 $ 800,000 Long-term liabilities: Mortgage note payable, 6% $200,000 $0 Bonds payable, 4% 3,000,000 3,000,000 Total long-term liabilities $3,200,000 $3,000,000 Total liabilities $4,080,000 $3,800,000 Stockholders’ Equity Preferred 4% stock, $5 par $250,000 $250,000 Common stock, $5 par 500,000 500,000 Retained earnings 4,194,000 3,704,000 Total stockholders’ equity $4,944,000 $4,454,000 Total liabilities and stockholders’ equity $9,024,000 $8,254,000 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. Line Item Description Answer Ratio Unit 1. Working Capital $fill in the blank 1 2. Current ratio fill in the blank 2 3. Quick ratio fill in the blank 3

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Profitability ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: December 31 December 31 20Y7 20Y6 December 31 20Y5 Total assets $281,000 $253,000 $225,000 Notes payable (8% interest) 90,000 90,000 90,000 Common stock 36,000 36,000 36,000 Preferred 5% stock, $100 par (no change during year) Retained earnings 18,000 97,870 18,000 70,390 18,000 54,000 < The 2017 net income was $28,380, and the 20Y6 net income was $17,290. No dividends on common stock were declared between 20Y5 and 20Y7. Preferred dividends were declared and paid in full in 2016 and 20Y7. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 20Y6 and 20Y7. When required, round your answers to one decimal place. 20Y7 20Y6 Return on total assets Return on stockholders' equity 0.1 % 0.1 % % % Return on common stockholders' equity % 200 % b. The profitability…

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Five Measures of Solvency or Profitability The balance sheet for Quigg Inc. at the end of the current fiscal year indicated the following: Bonds payable, 8% $1,700,000 Preferred $10 stock, $50 par 154,000 Common stock, $15 par 288,750 Income before income tax expense was $489,600,and income taxes were $73,800 for the current year. Cash dividends paid on common stock during the current year totaled $92,400. The common stock was selling for $240 per share at the end of the year. Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required. a. Times interest earned ratio times b. Earnings per share on common stock c. Price-earnings ratio d. Dividends per share of common stock e. Dividend yield % %24 %24

Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 63 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1        20Y2      20Y1 Retained earnings, January 1 $1,022,050   $862,950   Net income 233,600   176,800   Total $1,255,650   $1,039,750   Dividends:           On preferred stock $7,700   $7,700     On common stock 10,000   10,000       Total dividends $17,700   $17,700   Retained earnings, December 31 $1,237,950   $1,022,050   Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1        20Y2      20Y1 Sales $1,470,220   $1,354,620   Cost of goods sold 571,590   525,860   Gross profit $898,630   $828,760   Selling expenses $291,610   $366,610   Administrative expenses 248,400   215,310   Total operating expenses…