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Markus Company's 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 Company's 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 year's financial statements Ending Beginning Balance Balance $ 35,000 $ 34,000 $ 70,000 55,000 $60,700 $ 70,000 $ 165,700 159,000 557000 $586,800 $ 67,500 $ 55,500 152,000 $ 136,800 $ 133,000 $ 133,000 $405,000 $450,000 Total liabilities and stockholders' equity $ 557,000 $586,800 Cash Accounts receivable Inventory Current assets lotal assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity This Year Sales (all on account) 825,000 478,500 346,500 Net operating income $ 194,250 $ 10,500 $ 128,625 Cost of goods sold Gross margin Interest expense Net income 5, what is the return on equity? (Round your answer to the nearest whole percentage place. i.., 0.1234 should be considered as 12%.) Return on equity 6. What is the book value per share at the end of this year? (Round your answer to 2 decimal places. Book value per share 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.) Working capital Current ratio 8. What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.) Acid-test ratio 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
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