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9. What is the accounts receivable turnover and the average collection period? (Use 365 days in a year. Round your intermediate and final answers to
9. What is the accounts receivable turnover and the average collection period? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.)
10. What is the inventory turnover and the average sale period? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.)
11. What is the companys operating cycle? (Round your intermediate and final answers to 2 decimal places.)
12. What is the total asset turnover? (Round your answer to 2 decimal places.)
Required information The Foundational 15 [LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed belowj Markus Company's common stock sold for $1.75 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 EndingBeginning Balance $ 27,000 $ 43,800 $48,000 $ 41,300 $ 45,100 $ 48,000 $ 120,100 $ 133,100 $312,000 $ 263,800 $49,500 $ 34,500 $ 82,000 $ 73,800 $105,000 $ 105,000 230,000 $ 190,000 Total liabilities and stockholders' equity $ 312,000 $ 263,800 Balance Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity This Year Sales (all on account) 580,000 $ 336,400 $243,600 Net operating income $ 49,500 $ 3,000 $ 32,550 Cost of goods sold Gross margin Interest expense Net income
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