Question
a) What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.) b) What is the accounts receivable
a) What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.)
b) 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.)
c) 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.)
d) What is the companys operating cycle? (Round your intermediate and final answers to 2 decimal places.)
e) What is the total asset turnover? (Round your answer to 2 decimal places.)
f) What is the times interest earned ratio? (Round your answer to 1 decimal place.)
g) What is the debt-to-equity ratio at the end of this year? (Round your answer to 2 decimal places.)
h) What is the equity multiplier? (Round your answer to 2 decimal places.)
Markus Company's common stock sold for $2.75 per share at the end of this year. The company pald a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from thls year's financlal statements: Ending Beginning Balance Balance $35,000 $ 30,000 $60,000 $ 50,000 $55,000 $ 60,000 150,000 $ 140,000 450,000 $460,000 $60,000 $ 40,000 $130,000 $120,000 $120,000 $ 120,000 $320,000 $340,000 Total lablities and stockholders' equity $ 450,000 $460,000 Cash Accounts recelvable Inventory Current assets Total assets Current llabilties Total llablitles Common stock, $1 par value Total stockholders' equity This Year Sales (all on account) Cost of goods sold Gross margin Net operating Income 140,000 $700,000 $ 400,000 $300,000 Interest expense $ 8,000 $ 92,400 Net Income
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