Chapter #16 - Homework i Saved Help Save & Exit 4 Check my Required information [The following information applies to the questions displayed below.] Part 4 of 14 Markus Company's common stock sold for $3.75 per share at the end of this year. The company paid a common stock dividend of $0.60 per share this year. It also provided the following data excerpts from this year's financial statements: 0.35 points Ending Balance Beginning Balance Cash $ 41, 000 Skipped Accounts receivable $ 36, 200 $ 74, 000 $ 58, 700 Inventory $ 64, 900 $ 74, 000 Current assets $ 179, 900 168, 900 Total assets $ 590, 000 624, 000 eBook Current liabilities $ 70, 500 $ 63, 000 Total liabilities $ 160, 000 $ 144, 000 Print Common stock, $1 par value $ 139, 000 139, 000 Total stockholders' equity $ 430, 000 480 , 000 References Total liabilities and stockholders' equity 590 , 000 624, 000 This Year Sales (all on account ) $ 865, 000 Cost of goods sold $ 501, 700 Gross margin 363, 300 Net operating income $ 206, 250 Interest expense $ 11, 000 Net income $ 136, 675 4. What is the return on total assets (assuming a 30% tax rate)? (Round percentage answer to 1 decimal place. i.e., 0.123 should be considered as 12.3%) Return on total assets Next > Mc Hill MacBook AirChapter #16 - Homework i Saved Help Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion 14 Markus Company's common stock sold for $3.75 per share at the end of this year. The company paid a common stock dividend of $0.60 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Part 14 of 14 Balance Cash $ 41, 000 $ 36, 200 Accounts receivable $ 74, 000 $ 58, 700 Inventory $ 64, 900 $ 74, 000 Current assets $ 179, 900 $ 168, 900 0.45 Total assets $ 590 , 000 $ 624, 000 points Current liabilities $ 70, 500 $ 63,000 Total liabilities $ 160, 000 $ 144, 000 Common stock, $1 par value $ 139 , 000 $ 139,000 Total stockholders' equity $ 430, 000 $ 480, 000 Total liabilities and stockholders' equity $ 590 , 000 $ 624, 000 This Year Sales (all on account) $ 865 , 000 Cost of goods sold $ 501, 700 Gross margin $ 363, 300 Net operating income $ 206, 250 Interest expense $ 11,000 Net income $ 136, 675 14. What is the debt-to-equity ratio at the end of this year? (Round your answer to 2 decimal places.) x Answer is complete but not entirely correct. Debt-to-equity ratio 0.21 X Mc Graw