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Markus Company's common stock sold for $1.50 per share at the end of this year. The company paid a common stock dividend of $0.39 per

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Markus Company's common stock sold for $1.50 per share at the end of this year. The company paid a common stock dividend of $0.39 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Ending Beginning Balance Balance $ 24,500 $ 40,800 $ 42,000 $ 38,800 $ 42,400 $ 42,000 $ 108,900 $ 121,600 $302,000 $242,800 $ 46,500 $ 31,500 $ 92,000 $ 82,800 $ 107,000 $ 107,000 $ 210,000 $160,000 $302,000 $242,800 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 480,000 $ 278,400 $ 201,600 $ 32,500 $ 2,000 $ 112,350 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.) Accounts receivable turnover Average collection period days value 1.00 points Required information 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.) Inventory turnover Average sale period days Required information value: 1.00 points 11. What is the company's operating cycle? (Round your intermediate and final answers to 2 decimal places.) Operating cycle days

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