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13. What is the times interest earned ratio? (Round your answer to 2 decimal place.) 14. What is the debt-to-equity ratio at the end of
13. What is the times interest earned ratio? (Round your answer to 2 decimal place.)
14. What is the debt-to-equity ratio at the end of this year? (Round your answer to 2 decimal places.)
15. What is the equity multiplier? (Round your answer to 2 decimal places.)
Required information [The following information applies to the questions displayed below.] Markus Company's common stock sold for $2.50 per share at the end of this year. The company paid a common stock dividend of $0.40 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Ending Balance $ 31,500 $ 56,000 $ 50,800 $ 138,300 $ 417,000 $ 57,000 $ 117,000 $ 114,000 $ 300,000 $ 417,000 Beginning Balance $ 47,800 $ 46,300 $ 56,000 $ 150, 100 $ 405,300 $ 39,000 $ 105,300 $ 114,000 $ 300,000 $ 405,300 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 650,000 $ 377,000 $ 273,000 $ 120, 750 $ 7,000 $ 79,625 13. What is the times interest earned ratio? (Round your answer to 2 decimal place.) Times interest earned ratioStep by Step Solution
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