11. What is the company's operating cycle?

12. What is the total asset turnover?

Required information [The following information applies to the questions displayed below.] Markus Company's common stock sold for $5.00 per share at the end of this year. The company paid a common stock dividend of $0.80 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance $ 45,000 $ 42,000 $ 90,000 $ 65,000 72,100 $ 90,000 $ 207,100 $ 197,000 $766,000 $ 836,400 $88,000 $ 82,500 196,000 $ 176,400 $ 159,000 $ 159,000 $570,000 $ 660,000 Total liabilities and stockholders' equity $766,000 $ 836,400 Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity This Year $1,045,000 $ 606,100 438,900 $ 300,000 $ Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense 15,000 $ 199,500 Net income