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: 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 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $580,000 $ 336,400 $ 243,600 $ 49,500 $3,000 $ 32,550 Ending Balance Beginning Balance $ 27,000 $ 43,800 $ 48,000 $ 41,300 $ 45,100 $ 120,100 $ 312,000 $ 49,500 $ 82,000 $ 105,000 $ 48,000 $ 133,100 $ 263,800 $ 34,500 $ 73,800 $ 105,000 $ 230,000 $ 312,000 $ 190,000 $263,800 Foundational 14-10 (Algo) 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 i 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: 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 Sales (all on account). Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 580,000 $ 336,400 $ 243,600 $ 49,500 $ 3,000 $ 32,550 Ending Balance $27,000 $ 48,000 Beginning Balance $ 43,800 $ 41,300 $ 45,100 $ 120,100 $ 312,000 $ 49,500 $82,000 $ 105,000 $ 48,000 $ 133,100 $ 263,800 $ 34,500 $ 73,800 $ 105,000 $ 230,000 $ 190,000 $263,800 $ 312,000 Foundational 14-11 (Algo) 11. What is the company's operating cycle? (Use 365 days in a year. Round your intermediate and final answer to 2 decimal places.) Operating cycle days 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: 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 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 580,000. $ 336,400 $ 243,600 $ 49,500 $ 3,000 $ 32,550 Ending Balance $ 27,000 Beginning Balance $ 43,800 $ 48,000 $ 45,100 $ 120,100 $ 312,000 $ 49,500 $82,000 $ 105,000 $ 230,000 $ 312,000 $ 41,300 $ 48,000 $ 133,100 $263,800 $ 34,500 $ 73,800 $ 105,000 $ 190,000 $263,800 Foundational 14-12 (Algo) 12. What is the total asset turnover? (Round your answer to 2 decimal places.) Total asset turnover 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: 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 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income/ This Year $ 580,000 $336,400 $ 243,600 $ 49,500 $ 3,000 $ 32,550 Ending Balance $ 27,000 Beginning Balance $ 43,800 $ 48,000 $ 45,100 $ 120,100 $ 312,000 $ 49,500 $ 41,300 $ 48,000 $ 133,100 $ 263,800 $ 34,500 $ 73,800 $ 105,000 $ 82,000 $ 105,000 $ 230,000 $ 190,000 $ 312,000 $ 263,800 Foundational 14-13 (Algo) 13. What is the times interest earned ratio? (Round your answer to 2 decimal place.) Times interest oamned ratio o 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: 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 Sales (all on account) This Year $ 580,000 Cost of goods sold Gross margin Net operating income Interest expense Net income $ 336,400 $ 243,600 $ 49,500 $ 3,000 $ 32,550 Ending Balance $ 27,000 Beginning Balance $ 43,800 $ 41,300 $ 48,000 $ 45,100 $ 120,100 $ 312,000 $ 49,500 $ 48,000 $ 133,100 $ 263,800 $ 34,500 $ 73,800 $ 105,000 $ 82,000 $ 105,000 $ 230,000 $ 190,000 $ 312,000 $ 263,800 Foundational 14-13 (Algo) 13. What is the times interest earned ratio? (Round your answer to 2 decimal place.) Times interest eamed ratio. 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: 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 Balance $27,000 $ 48,000 $ 45,100 $ 120,100 $ 312,000 $49,500 $ 82,000 $ 105,000 Beginning Balance $ 43,800 $ 41,300 $ 48,000 $ 133,100 $ 263,800 $ 34,500 $ 73,800 $ 105,000 $ 230,000 $ 312,000 $ 190,000 $263,800 This Year Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income $580,000 $ 336,400 $243,600 $49,500 $ 3,000 $ 32,550 Foundational 14-14 (Algo) 14. What is the debt-to-equity ratio at the end of this year? (Round your answer to 2 decimal places.) Debt-to-equity ratio 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: 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 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 580,000 $336,400 $243,600 $ 49,500 $ 3,000 $ 32,550 Ending Balance $27,000 $ 48,000 $ 45,100 $ 120,100 $ 312,000 Beginning Balance $ 43,800 $ 41,300 $ 48,000 $ 133,100 $ 263,800 $ 34,500 $ 73,800 $ 105,000 $ 49,500 $ 82,000 $ 105,000 $ 230,000 $ 190,000 $ 312,000 $ 263,800 Foundational 14-15 (Algo) 15. What is the equity multiplier? (Round your answer to 2 decimal places.) Equity multiplier