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Markus Companys common stock sold for $3.50 per share at the end of this year. The company paid a common stock dividend of $0.63 per

Markus Companys common stock sold for $3.50 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this years financial statements:

Ending Balance Beginning Balance
Cash $ 35,000 $ 34,000
Accounts receivable $ 70,000 $ 55,000
Inventory $ 60,700 $ 70,000
Current assets $ 165,700 $ 159,000
Total assets $ 557,000 $ 586,800
Current liabilities $ 67,500 $ 55,500
Total liabilities $ 152,000 $ 136,800
Common stock, $1 par value $ 133,000 $ 133,000
Total stockholders equity $ 405,000 $ 450,000
Total liabilities and stockholders equity $ 557,000 $ 586,800

This Year
Sales (all on account) $ 825,000
Cost of goods sold $ 478,500
Gross margin $ 346,500
Net operating income $ 194,250
Interest expense $ 10,500
Net income $ 128,625

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.)

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