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1. What is the return on total assets (assuming a 30% tax rate)? (Round percentage answer to 1 decimal place. i.e., 0.123 should be considered
1. What is the return on total assets (assuming a 30% tax rate)? (Round percentage answer to 1 decimal place. i.e., 0.123 should be considered as 12.3%)
2. What is the return on equity? (Round your answer to the nearest whole percentage place. i.e., 0.1234 should be considered as 12%.)
3. What is the companys operating cycle? (Round your intermediate and final answers to 2 decimal places.)
4. What is the equity multiplier? (Round your answer to 2 decimal places.)
Markus Company's common stock sold for $3.75 per share at the end of this year. The company paid a common stock dividend of $0.60 per share this year. It also provided the following data excerpts from this year's financial statements EndingBeginning Balance Balance Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity $ 41,000 $ 36,200 $ 74,000 $ 58,700 $ 64,900 $ 74,000 $ 179,900 $ 168,900 590,000 $624,000 $ 70,500 $ 63,000 $160,000 $144,000 $ 139,000 $ 139,000 430,000 $ 480,000 Total liabilities and stockholders' equity $ 590,000 $ 624,000 This Year Sales (all on account) 865,000 $501,700 $ 363,300 Net operating income $206,250 $ 11,000 $136,675 Cost of goods sold Gross margin Interest expense Net income
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