Question
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: |
| Ending Balance | Beginning Balance | |||
| Cash | $ | 31,000 | $ | 32,200 |
| Accounts receivable | $ | 64,000 | $ | 53,700 |
| Inventory | $ | 59,200 | $ | 64,000 |
| Current assets | $ | 154,200 | $ | 149,900 |
| Total assets | $ | 490,000 | $ | 506,000 |
| Current liabilities | $ | 63,000 | $ | 49,500 |
| Total liabilities | $ | 140,000 | $ | 126,000 |
| Common stock, $1 par value | $ | 126,000 | $ | 126,000 |
| Total stockholders equity | $ | 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 |
| Gross margin | $ | 310,000 |
| Net operating income | $ | 162,000 |
| Interest expense | $ | 9,000 |
| Net income | $ | 88,200 |
33.
value: 1.00 points
Required information
| Required: |
| 1. | What is the earnings per share? EARNINGS PER SHARE ? (Round your answer to 2 decimal places.) |
34.
value: 1.00 points
Required information
| 2. | What is the price-earnings ratio? (Round intermediate and final calculations to two decimal places.) |
35.
value: 1.00 points
Required information
| 3. | What is the dividend payout ratio and the dividend yield ratio %? (Round your intermediate and final answers to two decimal places (i.e., 0.1234 should be entered as 12%).) |
36.
value: 1.00 points
Required information
| 5. | What is the return on equity %? (Round your answer to the nearest whole percentage place. i.e., 0.1234 should be considered as 12%) |
37.
value: 1.00 points
Required information
| 6. | What is the book value per share at the end of this year? (Round your answer to 2 decimal places.) |
38.
value: 1.00 points
Required information
| 7. | What is the amount of working capital and the current ratio at the end of this year? (Round "Current ratio" to 2 decimal places.) |
39.
value: 1.00 points
Required information
| 8. | What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.) |
40.
value: 1.00 points
Required information
| 9. | What is the accounts receivable turnover and the average collection period? ACCOUNTS RECEIVABLE TURNOVER? AVERAGE COLLECTION PERIOD DAYS? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.) |
41.
value: 1.00 points
Required information
| 10. | What is the inventory turnover and the average sale period? INVENTORY TURNOVER? AVERAGE SALE PERIOD? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.) |
42.
value: 1.00 points
Required information
| 11. | What is the companys operating cycle? DAYS (Round your intermediate and final answers to 2 decimal places.) |
43.
value: 1.00 points
Required information
| 12. | What is the total asset turnover? (Round your answer to 2 decimal places.) |
44.
value: 1.00 points
Required information
| 13. | What is the times interest earned ratio? (Round your answer to 1 decimal place.) |
45.
value: 1.00 points
Required information
| 14. | What is the debt-to-equity ratio at the end of this year? (Round your answer to 2 decimal places.) |
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