Markus Companys common stock sold for $2.50 per share at the end of this year. The company paid a common stock dividend of $0.40 per share this year. It also provided the following data excerpts from this years financial statements:

	Ending Balance	Beginning Balance
Cash	$ 31,500	$ 47,800
Accounts receivable	$ 56,000	$ 46,300
Inventory	$ 50,800	$ 56,000
Current assets	$ 138,300	$ 150,100
Total assets	$ 417,000	$ 405,300
Current liabilities	$ 57,000	$ 39,000
Total liabilities	$ 117,000	$ 105,300
Common stock, $1 par value	$ 114,000	$ 114,000
Total stockholders equity	$ 300,000	$ 300,000
Total liabilities and stockholders equity	$ 417,000	$ 405,300

	This Year
Sales (all on account)	$ 650,000
Cost of goods sold	$ 377,000
Gross margin	$ 273,000
Net operating income	$ 120,750
Interest expense	$ 7,000
Net income	$ 79,625

8. What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.) 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.) 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.) 11. What is the companys operating cycle? (Use 365 days in a year. Round your intermediate and final answer to 2 decimal places.) 12. What is the total asset turnover? (Round your answer to 2 decimal places.) 13. What is the times interest earned ratio? (Round your answer to 2 decimal place.) 14. What is the debt-to-equity ratio at the end of this year? (Round your answer to 2 decimal places.)