Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cher 1 1 Part to Markus Company's common stock sold for $2.75 per share at the end of this year. The company poid a common

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Cher 1 1 Part to Markus Company's common stock sold for $2.75 per share at the end of this year. The company poid a common stock dividend of $0.55 per share this year It also provided the following data excerpts from this year's financial statements Ending Beginning Balance Balance Cash $ 35,000 $ 30,000 Accounts receivable $ 60,000 $ 50.000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $ 450,000 $ 460,000 Current liabilities $ 60,000 $ 40.000 Total liabilities $ 130,000 $ 120,000 Common stock. $1 par value $ 120,000 $ 120,000 Total stockholders' equity $ 320,000 $340,000 Total liabilities and stockholders' equity $ 450,000 $ 460,000 0.60 ponts BOOM Sales (all on account) Cost of goods sold Gross margin Net operating Income Interest expense Net income This Year $ 700,000 $400,000 $ 300,000 $ 140,000 $ 8.000 $ 92.400 Foundational 14-1 Required: 1. What is the earnings per share? (Round your answer to 2 decimal places.) Lamins per share 2 Part 2 of 15 0.66 points Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this year's financial statements Ending Beginning Balance Balance Cash $ 35,000 $30,000 Accounts receivable $ 60,000 $50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $450,000 $ 460,000 Current liabilities $ 60,000 $ 40,000 Total liabilities $ 130,000 $ 120,000 Common stock, $1 par value $ 120,000 $ 120,000 Total stockholders' equity $ 320,000 $340,000 Totallibilities and stockholders' equity $ 450,000 $ 460,000 ebook Print Weferences Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 700,000 $ 400,000 $300,000 $ 140,000 $ 8,000 $ 92,400 Foundational 14-2 2. What is the price earnings ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price-aming tato 3 Check my work Part 35 066 The following information applies to the questions displayed below! Markus Company's common stock sold for $275 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this year's Financial statements Ending Beginning Balance Balance Cash $ 35,000 $30,000 Accounts receivable $ 60,000 $50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $ 450,000 $ 460,000 Current liabilities $ 60,000 $40,000 Total liabilities $ 30,000 $120.000 Common stock, $1 par value $ 120,000 $ 120,000 Total stockholders' equity $ 320,000 $340,000 Total abilities and stockholders' equity $450,000 $ 460,000 ebook Print Beforce Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net Income This Year $ 700.000 $ 400.000 $ 300,000 $ 140,000 $ 8.000 $ 92,400 Foundational 14-3 3. What is the dividend payout ratio and the dividend yield ratio (Do not round Intermediate calculations. Round your answer to the nearest whole percentage place le, 0.1234 should be entered as 12).) anve Et 4 Check my we Part 4 of 15 0.66 Doints Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the folowing data excerpts from this year's financial statements: Ending Beginning Balance Balance Cash $ 35,000 $ 30.000 Accounts receivable $ 60,000 $50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $140,000 Total assets $ 450,000 $460,000 Current liabilities $ 60,000 $40,000 Total abilities $ 130,000 $ 120,000 Common stock $1 par value $ 120,000 $ 120,000 Total stockholders' equity $ 320,000 $340,000 Total liabilities and stockholders' equity $ 450,000 $460,000 eBook Pem References Sales (all on account Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 700,000 $400,000 $ 300,000 $ 140,000 $ 8,000 $ 92.400 Foundational 14-4 4. What is the return on total assets (assuming o 30% tax rate)? (Round your percentage answer to 1 decimal place ...0.1234 should be entered as 12.3). Fatum on totessels Stal Summit 5 Check my work Parts 060 Do Markus Company's common stock sold for $275 per share at the end of this year. The company paid a common stock dvidend of 50.56 per share this year. It also provided the following data excerpts from this year's Scandal statements Ending Bogo Balance Balance Cash $ 35,000 $30,000 Accounts receivable $50,000 $50,000 Inventory $ 55,000 $ 60.000 Current assets $ 150,000 $140.000 Total assets $ 450,000 $460.000 Current $ 60,000 $40,000 Totallisbiles $ 130,000 $ 120,000 Common stock, St par value $ 120.000 $ 120.000 Total stockholders equity 5 320,000 $340000 Total abilities and stockholders equity $ 450,000 $460.000 Sales (al on account Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $700,000 $ 400.000 $ 300,000 5 140,000 $ 8.000 $ 92.400 Foundational 14-5 5. What is the return on equity found your answer to the rest whole percentage place le 01234 should be entered as 12) u on Check my work 6 Part 15 0.66 Bom Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following dota corpts from this year's facial statements Ending Beginning Balance Balance Cash $ 35,000 $30,000 Accounts receivable $ 50,000 $50,000 Inventory $ 55,000 $60,000 Current sets $ 150,000 $ 140,000 Total assets $450.000 $ 460,000 Current liabilities $ 60,000 $40.000 Totallibilities $ 130,000 $120,000 Common stock, 51 par value $ 120.000 $ 120,000 Total stockholders equity $320.000 $ 340,000 Totalbies and stockholders' equity $450,000 $ 460,000 Print fo This Year Sales (or on account 5 700,000 Cost of goods sold $ 400,000 Geoss margin $300,000 Not operating income $ 140,000 Interest expense $ 8,000 Net Income $ 92,400 Foundational 14-6 6. What is the book value per here at the end of this year? (Pound your answer to 2 decimal places look vatum pershan Sove & Ext Submit Check my work 7 Markus Company's common stock sold for $2.75 per share at the end of this year. The company pold a common stock dividend of $0.55 per share this yew. It also provided the following data excerpts from this year's financial statements Part 70115 0.66 point Ending Beginning Balance Balance Cash $ 35,000 $ 30,000 Accounts receivable $ 60,000 $50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $ 450,000 $460,000 Current abilities $ 60,000 $40,000 Total liabilities $ 130,000 $120,000 Common stock, $1 par value $ 120,000 $ 120,000 Total stockholders' equity $320,000 $340,000 Total abilities and stockholders' equity $450,000 $ 460,000 ebook Pint References Sales (al on account) Cost of goods sold Gross margin Net operating income Interest expense Net Income This Year $ 700.000 $ 400,000 $ 300,000 $ 140,000 $ B.000 $ 92400 Foundational 14-7 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 op vestul Sub Check my werk 00 Part 8 of 15 0.66 points Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Beginning Balance Balance Cash $ 35,000 $30,000 Accounts recevable $ 60,000 $50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $ 450,000 $460.000 Current liabilities $ 60,000 $ 40,000 Total abilities $ 130,000 $ 120,000 Common stock, 1 par value $ 120,000 $ 120,000 Total stockholders' equity $ 320,000 $340,000 Total liabilities and stockholders' equity $ 450,000 $ 460,000 000 Print Sales (alt on account Cost of goods sold Gross margin Net operating income Interest expense Net Income This Year $ 700,000 $ 400,000 $ 300,000 $ 140,000 $ 8.000 $ 92.400 Foundational 14-8 8. What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places) dowo 9 Check my w Part of 15 0.66 pots The Foundational 15 (L014-2, L014-3, LO14-4, LO14-5, LO14-6) The following information applies to the questions displayed below) Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this year's financial statements Ending Beginning Balance Balance Cash $ 35,000 $30,000 Accounts receivable $ 60,000 $50,000 Inventory $ 55.000 $ 60,000 Current assets $ 150,000 $140,000 Total assets $ 450,000 $ 460,000 Current liabilities $ 60,000 $40,000 Total liabilities $ 130,000 $ 120,000 Common stock, Si par value $ 120,000 $ 120,000 Total stockholders' equity $ 320,000 $340,000 Total abilities and stockholders' equity $450,000 $450,000 esok rences Sales (oil on account Cost of goods sold Gross margin Net operating income Interest expense Net Income This Year $700,000 $ 400,000 $300,000 $ 140,000 $ 8,000 $ 92,400 Foundational 14-9 9. What is the accounts receivable turnover and the average collection period? (Use 365 days in a year. Round your intermediate and final news in Hermanlara Check my wor 10 Part 0 ofis 0.66 pol The Foundational 15 [L014-2, L014-3, LO14-4, LO14-5, L014-6) [The following information applies to the questions displayed below) Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year, it also provided the following data excerpts from this year's financial statements Ending Beginning Balance Balance Cash $ 35,000 $ 30,000 Accounts receivable $ 60,000 S 50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $450,000 $ 460,000 Current abilities $ 60,000 $ 40,000 Total liabilities $ 130,000 $ 120,000 Common stock $1 por value $ 120,000 $ 120,000 Total stockholders' equity $320,000 $340,000 Total llabilities and stockholders' equity $ 450,000 $ 460,000 Boch Print Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net Income This Year $700,000 $ 400.000 $ 300,000 $ 140,000 $ 8.000 $ 92.400 Foundational 14-10 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.) CI 11 Part 11 of 15 Markus Company's common stock sold for $2.75 per share at the end of this year. The company pold a common stock dividend of $0.55 per share this year. It also provided the following dota excerpts from this year's financial statements: Ending Beginning Balance Balance Cash $ 35,000 $30,000 Accounts receivable $ 60,000 $50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $ 450,000 $ 460,000 Current liabilities $ 60,000 $40,000 Total Mobilities $ 130,000 $ 120,000 Common stock. $1 por value $ 120,000 $ 120,000 Total stockholders' equity $ 320,000 $340,000 Total liabilities and stockholders' equity $ 450,000 $ 460,000 0.66 points eBook Print References Sales all on account) Cost of goods sold Gross margin Net operating income Interest expense Net Income This Year $ 700,000 $ 400,000 $300,000 $ 140,000 $ 8,000 $ 92,400 Foundational 14.11 11. What is the company's operating cycle? (Round your intermediate and final answer to 2 decimal places.) Operating cyde days Check my word 12 Part 15 0.66 points The following information applies to the questions displayed below! Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock divdond of 50.55 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Beginning Balance Balance Cash $ 35,000 $30,000 Accounts receivable $ 60,000 $50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $ 450,000 $ 460,000 Current liabilities $ 60,000 $40,000 Total liabilities $ 130,000 $ 120,000 Common stock. $1 par value $ 120,000 $ 120,000 Total stockholders' equity $320,000 S 340,000 Total liabilities and stockholders' equity $450,000 $ 460,000 ebook ferences Sales (all on account Cost of goods sold Gross margin Not operating incomo Interest expense Net income This Year $ 700,000 $ 400,000 $300,000 $ 140,000 $ 8.000 $ 92,400 Foundational 14-12 12. What is the total asset turnover? (Round your answer to 2 decimal places.) TOREBRO Chem 13 Part 1316 0.66 Dots Markus Company's common stock sold for $2.75 per share at the end of this year. The company pold a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this year's financial statement Ending Beginning Balance Balance Cash $ 35,000 $30,000 Accounts receivable $ 60,000 $50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $ 450,000 $ 460,000 Current liabilities $ 60,000 $40,000 Total liabilities $ 130,000 $ 120,000 Common stock. $1 par value $ 120,000 $ 120,000 Total stockholders' equity $ 320,000 $340,000 Total abilities and stockholders' equity $ 450,000 $ 460,000 Races Sales (at on account Cost of goods sold Gross margin Net operating income Interest expense Not income This Year $ 700,000 $ 400,000 $ 300,000 $ 140,000 $ 8,000 $ 92,400 Foundational 14-13 13. What is the times interest earned rotlo(Round your answer to 1 decimal place.) Testerea earned ratio Ches 14 Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following dato excerpts from this year's financial statements: Part 14 15 066 points Ending Beginning Balance Balance Cash $ 35,000 $ 30,000 Accounts receivable $ 60,000 $ 50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $ 450,000 $ 460,000 Current liabilities $ 60,000 $ 40,000 Total abilities $ 130,000 $ 120,000 Common stock, $1 por value $ 120,000 $ 120,000 Total stockholders' equity $320,000 $340,000 Total liabilities and stockholders' equity $450,000 $460,000 Print References Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 700,000 $ 400,000 $ 300,000 $ 140,000 $ $ 92.400 8,000 Foundational 14-14 14. What is the debt-to-equity ratio at the end of this year? (Round your answer to 2 decimal places.) Check 15 Part 15 of 15 0.76 points 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 this year's financial statements: Ending Beginning Balance Balance Cash $ 35,000 $30,000 Accounts receivable $ 60,000 $ 50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $140,000 Total assets $ 450,000 $ 460,000 Current liabilities $ 60,000 $40,000 Total liabilities $ 130,000 $ 120,000 Common stock. $1 par value $ 120,000 $ 120,000 Total stockholders' equity $ 320,000 $340,000 Total liabilities and stockholders' equity $ 450,000 $460.000 Punt References Sales (all on account) Cost of goods sold Gross margin Net operating Income Interest expense Net Income This Year $ 700,000 $400,000 $300,000 $ 140,000 $ 8,000 $ 92.400 Foundational 14-15 15. What is the equity multiplier? (Round your answer to 2 decimal places.) Equity mutoller

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Analytics Data Science For The Accounting Profession

Authors: J. Christopher Westland

1st Edition

3030490904, 9783030490904

More Books

Students also viewed these Accounting questions

Question

Identify the survey research and feedback process. LO9

Answered: 1 week ago

Question

Explain how to control impulses.

Answered: 1 week ago

Question

Explain the concept of equal employment opportunity.

Answered: 1 week ago

Question

Explain the various job analysis methods.

Answered: 1 week ago

Question

Describe the components of a job description.

Answered: 1 week ago