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Markus Companys common stock sold for $3.00 per share at the end of this year. The company paid a common stock dividend of $0.48 per
Markus Companys common stock sold for $3.00 per share at the end of this year. The company paid a common stock dividend of $0.48 per share this year. It also provided the following data excerpts from this years financial statements:
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.)
15. What is the equity multiplier? (Round your answer to 2 decimal places.)
Ending Beginning Balance $ 31,000 32,200 $64,000 $ 53,700 59,200 $ 64,000 $154,200 $ 149,900 490,000 $506,000 $ 63,000 $ 49,500 $140,000 $ 126,000 $126,000 $ 126,000 350,000 380,000 Total liabilities and stockholders' equity $490,000 506,000 Balance Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value otal stockholders equity This Year Sales (all on account) 750,000 Cost of goods sold440,000 Gross margin Net operating income Interest expense Net income $310,000 $ 9,000 $107100Step by Step Solution
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