Markus Company's common stock sold for $4.25 per share at the end of this year. The company paid a common stock dividend of $0.68 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 This Year $930,000 $539,400 $ 390,600 $ 240,625 Ending Balance $ 43,000 $ 80,000 Beginning Balance $ 38,000 $ 60,000 $ 66,400 $ 189,400 $ 663,000 $75,000 $ 178,000 $146,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160,200 $ 146,000 $ 485,000 $ 663,000 $ 550,000 $710,200 Interest expense Net income $ 12,500 $ 159,688 Foundational 14-4 (Algo) 4. What is the return on total assets (assuming a 30% tax rate) ? (Round percentage answer to 1 decimal place. i.e., 0.123 should be considered as 12.3%) Return on total assets % Markus Company's common stock sold for $4.25 per share at the end of this year. The company paid a common stock dividend of $0.68 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 $930,000 $ 539,400 $ 390,600 $240,625 $12,500 $ 159,688 Ending Balance. $43,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $146,000 $ 485,000 $ 663,000 Beginning Balance $ 38,000 $ 60,000 $ 80,000 $ 178,000 $710,200 $ 69,000 $ 160,200 $146,000 $550,000 $710,200 Foundational 14-5 (Algo) 5. What is the return on equity? (Round your answer to the nearest whole percentage place. l.e., 0.1234 should be considered as 12%.) Return on equity % Markus Company's common stock sold for $4.25 per share at the end of this year. The company paid a common stock dividend of $0.68 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 $930,000 $ 539,400 $ 390,600 $ 240,625 $ 12,500 $ 159,688 Ending Balance $ 43,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $ 146,000 $ 485,000 $ 663,000 Beginning Balance $ 38,000 $ 60,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160,200 $ 146,000 $550,000 $ 710,200 Foundational 14-7 (Algo) 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 Markus Company's common stock sold for $4.25 per share at the end of this year. The company paid a common stock dividend of $0.68 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) Ending Balance $ 43,000 Beginning Balance $ 38,000 $ 60,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $ 80,000 $ 178,000 $710,200 $ 69,000 $ 160,200 $ 146,000 $ 550,000 $ 146,000 $ 485,000 $ 663,000 $ 710,200 This Year $ 930,000 Cost of goods sold Gross margin $ 539,400 $ 390,600 Net operating income $ 240,625 Interest expense Net income $ 12,500 $ 159,688 Foundational 14-8 (Algo) 8. What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.) Acid-test ratio Markus Company's common stock sold for $4.25 per share at the end of this year. The company paid a common stock dividend of $0.68 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 $930,000 $539,400 $ 390,600 $240,625 $ 12,500 $ 159,688 Ending Balance $ 43,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $ 146,000 $ 485,000 $ 663,000 Beginning Balance $ 38,000 $ 60,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160,200 $146,000 $550,000 $ 710,200 Foundational 14-9 (Algo) 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 Markus Company's common stock sold for $4.25 per share at the end of this year. The company paid a common stock dividend of $0.68 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 i Gross margin Net operating income. Interest expense Net income This Year $930,000 $ 539,400 $ 390,600 $ 240,625 $ 12,500 $ 159,688) Ending Balance $ 43,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $146,000 $ 485,000 $ 663,000 Beginning Balance $ 38,000 $ 60,000 $ 80,000 $ 178,000 $710,200 $ 69,000 $ 160,200 $146,000 $550,000 $710,200 Foundational 14-10 (Algo) 10. What is the inventory turnover and the average sale period? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.) Inventory turnover Average sale period days Markus Company's common stock sold for $4.25 per share at the end of this year. The company paid a common stock dividend of $0.68 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 $930,000 $ 539,400 $ 390,600 $240,625 $ 12,500 $ 159,688 Ending Balance $ 43,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $146,000 $ 485,000 $ 663,000 Beginning Balance $ 38,000 $ 60,000 $ 80,000 $ 178,000 $710,200 $ 69,000 $ 160,200 $146,000 $550,000 $710,200 Foundational 14-11 (Algo) 11. What is the company's operating cycle? (Use 365 days in a year. Round your intermediate and final answer to 2 decimal places.) Operating cycle days Markus Company's common stock sold for $4.25 per share at the end of this year. The company paid a common stock dividend of $0.68 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 Ending Balance $ 43,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 Beginning Balance $ 38,000 $ 60,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160,200 $ 178,000 $ 146,000 $ 146,000 $ 485,000 $ 550,000 $ 663,000 $ 710,200 This Year Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income $930,000 $539,400 $ 390,600 $ 240,625 $ 12,500 $159,688 Foundational 14-12 (Algo) 12. What is the total asset turnover? (Round your answer to 2 decimal places.) Total asset turnover Markus Company's common stock sold for $4.25 per share at the end of this year. The company paid a common stock dividend of $0.68 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance $43,000 $ 80,000 Beginning Balance $ 38,000 $ 60,000 $ 66,400 $ 80,000 $ 178,000 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 $930,000 $539,400 $ 390,600 $ 240,625 $ 12,500 $ 159,688 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $ 146,000 $ 710,200 $ 69,000 $ 160,200 $146,000 $ 550,000 $ 485,000 $ 710,200 $ 663,000 Foundational 14-13 (Algo) 13. What is the times interest earned ratio? (Round your answer to 2 decimal place.) Times interest earned ratio Markus Company's common stock sold for $4.25 per share at the end of this year. The company paid a common stock dividend of $0.68 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 Ending Balance $ 43,000 Beginning Balance $ 38,000 $ 60,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $ 146,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160,200 $ 146,000 $550,000 $ 710,200 $ 485,000 $ 663,000 This Year $930,000 $ 539,400 $ 390,600 $ 240,625 $ 12,500 $ 159,688 Foundational 14-14 (Algo) 14. What is the debt-to-equity ratio at the end of this year? (Round your answer to 2 decimal places.) Debt-to-equity ratio Markus Company's common stock sold for $4.25 per share at the end of this year. The company paid a common stock dividend of $0.68 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 Ending Balance $43,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 Beginning Balance $ 38,000 $ 60,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160,200 $ 146,000 $ 178,000 $ 146,000 $ 485,000 $ 550,000 Total liabilities and stockholders' equity $ 663,000 $710,200 This Year Sales (all on account) Cost of goods sold Gross margin $930,000 $ 539,400 $ 390,600 Net operating income $ 240,625 Interest expense Net income $ 12,500 $ 159,688 Foundational 14-15 (Algo) 15. What is the equity multiplier? (Round your answer to 2 decimal places.) Equity multiplier