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What is the earnings per share? (Do not round intermediate calculations. Round your answer to 2 decimal places.) What is the price-earnings ratio? (Do not
What is the earnings per share? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
What is the price-earnings ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Markus Company's common stock sold for $4.00 per share at the end of this year. The company paid a common stock dividend of $0.80 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 900,000 $ 522,000 $ 378,000 $ 228,000 $ 12,000 $ 151,200 Ending Balance $ 45,500 $82,000 $ 67,600 $ 195,100 $ 648,000 $ 72,500 $ 188,000 $ 145,000 $ 460,000 $ 648,000 Beginning Balance $ 39,200 $ 61,200 $ 82,000 182,400 $ $ 689,200 $ 73,500 $ 169,200 $ 145,000 $ 520,000 $ 689,200
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1 Calculate the return on total assets ROA First lets find the average total assets Average Total As...Get Instant Access to Expert-Tailored Solutions
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