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om/im/takeAssignment/takeAssignmentMain.doinvoker-assignments&takeAssignmentSessionLocator; assignment-take&i; takeäinprogres Print itenm Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 61 on Decemb Marshall Inc Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earmings, January 1 Net income Total $2,483,175 532,000 $3,015,17S $2,092,825 428,700 $ 2,521,525 etredstok $ 7,000 31,350 38,350 2,976,825 $7,000 31,350 $38,350 $ 2,483,175 On common stock Total dividends Retained earnings, December 31 Harshall Inc Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 eck My Work 1 more Check My Work uses remaining All work saved. Prt Sc Pause nse ys RgBreak ert Dee F12 6 7 8 9Explanation / Answer
5) Number of days sales in receivable = 365/5.6 = 65.2 Days
6) Inventory turnover = 1289910/416100 = 3.1 Times
7) Number of days sales in inventory = 365/3.1 = 117.7 days
8) Ratio of fixed assets to long term liabilties = 3360000/2800000 = 1.2 : 1
9) Ratio of liabilities to stockholder's equity = 3642143/4046825 = 0.90:1
10) Times interest earned = 828500/224000 = 3.70 Times
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