Answered step by step
Verified Expert Solution
Question
1 Approved Answer
5. what is the return on equity? 6. what is the book value per share at the end of this year? 7. what is the
5. what is the return on equity? 6. what is the book value per share at the end of this year? 7. what is the amount of working capital and the current ratio at the end of this year? 8. what is the acid-test ratio at the end of this year? 9. what is the accounts receivable turnover and the average collection period? Markus Company's common stock sold for $3.50 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data exc Ending Beginning Balance Balance Cash $ 35,000 $ 34,000 Accounts receivable $ 70,000 $ 55,000 Inventory $ 60,700 $ 70,000 Current assets $ 165,700 $ 159,000 Total assets $ 557,000 $586,800 Current liabilities $ 67,500 $ 55,500 Total liabilities $ 152,000 $ 136,800 Common stock, $1 par value $ 133,000 $ 133,000 Total stockholders' equity $ 405,000 $450,000 Total liabilities and stockholders' equity $ 557,000 $586,800 This Year Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income $ 346,500 $ 194,250 $ 10,500 $ 128,625
5. what is the return on equity?
6. what is the book value per share at the end of this year?
7. what is the amount of working capital and the current ratio at the end of this year?
8. what is the acid-test ratio at the end of this year?
9. what is the accounts receivable turnover and the average collection period?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started