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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:
5. What is the return on equity?
6. What is the book value per share at the end of this year?
7. What is the amount of working capital and the current ratio at the end of this year?
8. What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.)
Markus Company's 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 year's financial statements: Ending Beginning Balance Balance Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value otal stockholders equity $ 31,00O $ 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 This Year Sales (all on account) 750,000 Cost of goods sold 440,000 $310,000 Net operating income $ 162,000O $ 9,000 $107100 Gross margin Interest expense Net incomeStep by Step Solution
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