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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
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: Ending Beginning Balance Balance Cash $ 27,000 $ 43,800 Accounts receivable $ 48,000 $ 41,300 Inventory $ 45,100 $ 48,000 Current assets $ 120,100 $ 133,100 Total assets $ 312,000 $263,800 Current liabilities $ 49,500 $ 34,500 Total liabilities $ 82,000 $ 73,800 Common stock, $1 par value $ 105,000 $ 105,000 Total stockholders' equity $ 230,000 $ 190,000 Total liabilities and stockholders' equity $ 312,000 $263,800 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 11. What is the company's operating cycle? (Round your intermediate and final answers to 2 decimal places.)
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