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Markus Company's 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
Markus Company's 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 year's financial statements: Ending Beginning Balance Balance $ 31,500 47.800 $56,000 46,300 $ 50,800 56,000 $138,300 $ 150,100 $ 417,000 $ 405,300 $ 57000 39,000 $117000 S 105,300 $ 114.000 $114,000 $ 300,000 300,000 $ 417000 405,300 Accounts receivable 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 $ 650,000 $ 377000 $ 273,000 $120,750 $ 7000 $ 96,900 Foundational 15-9 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 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 11. What is the company's operating cycle? (Round your intermediate and final answers to 2 decimal places.) cycle days
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