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2 Part 2 of 6 208 points eBook Print Required information The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies
2 Part 2 of 6 208 points eBook Print Required information The Foundational 15 (Algo) [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below] Markus Company's common stock sold for $2.00 per share at the end of this year. The company paid a common stock dividend of $0.42 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 References Sales (all on account) Cost of goods sold. Gross margin Net operating income Interest expense Net income Ending Balance Beginning Balance $ 46,000 $ 45,000 This Year $585,000 $ 339,300 $ 245,700 $ 75,500 $ 4,500 $ 30,500 $ 52,000 $ 49,300 $131,800 $ 353,000 $ 52,500 $ 98,000 5 111,000 $255,000 $ 353,000 $ 52,000 $ 143,000 $318,200 $ 37,500 $88,200 $111,000 $ 230,000 $318,200 $ 49,700 Foundational 14-7 (Algo) 7 What is the amount of working capital and the current ratio at the end of this year? (Round "Current ratio" to 2 decimal places.) Working capital Current ratio:
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