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 Beginning Balance $ 38,000 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 This Year Sales (all on account) Cost of goods sold $930,000 $ 539,400 Gross margin $ 390,600 Net operating income: $ 240,625 Interest expense Net income $ 12,500 $ 159,688 $ 43,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $146,000 $ 485,000 $ 663,000 $ 60,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160,200 $146,000 $ 550,000 $710,200 Foundational 14-1 (Algo) Required: 1. What is the earnings per share? (Round your answer to 2 decimal places.) Earnings per share 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 Beginning Balance $ 38,000 $ 60,000 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 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 75,000 $ 178,000 $ 160,200 $146,000. $ 485,000 $ 146,000 $ 550,000 $ 663,000 $ 710,200 Foundational 14-2 (Algo) 2. What is the price-earnings ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price-earnings 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 Ending Balance $ 43,000 $ 80,000 Beginning Balance $ 38,000 $ 60,000 $ 178,000 Common stock, $1 par value $ 146,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160,200 $ 146,000 Total stockholders' equity $ 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 Net operating income Interest expense Net income $930,000 $539,400 $ 390,600 $ 240,625 $ 12,500 $ 159,688 Foundational 14-3 (Algo) 3. What is the dividend payout ratio and the dividend yield ratio? (Do not round intermediate calculations. Round your answers to the nearest whole percentage place. i.e., 0.1234 should be considered as 12%.) Dividend payout ratio Dividend yield 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: Beginning Balance: Ending Balance $ 43,000 $ 38,000 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 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 60,000 $ 80,000 $ 178,000 $710,200 $ 69,000 $ 160,200 $ 146,000 $ 178,000 $ 146,000 $ 485,000 $ 550,000 $ 663,000 $ 710,200 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 Beginning Balance $ 38,000 $ 60,000 $ 66,400 $ 80,000 $ 178,000 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $146,000 $ 485,000 $ 663,000 $ 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. i.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: Total liabilities Cash Accounts receivable Inventory Current assets Total assets Current 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 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 Foundational 14-6 (Algo) 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 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 Beginning Balance) $ 38,000 $ 60,000 Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity This Year $930,000 $ 539,400 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $146,000 $ 485,000 $ 663,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160,200 $ 146,000 $ 550,000 $ 710,200 Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income $ 390,600 $ 240,625 $ 12,500 $ 159,688 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 Ending Balance $ 43,000 Beginning Balance $ 38,000 $ 60,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160,200 Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) $ 178,000 $ 146,000 $ 146,000 $ 485,000 $ 550,000 $ 663,000 $ 710,200 This Year $ 930,000 $ 539,400 $ 390,600 Cost of goods sold: Gross margin Net operating income Interest expense Net income $ 240,625 $ 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: Ending Balance $ 43,000 $ 80,000 Beginning Balance $ 38,000 $ 60,000 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 $ 66,400 $ 189,400 $ 663,000 $75,000. $ 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 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 14-9 (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 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 Ending Balance $ 43,000 Beginning Balance: $ 38,000 $ 60,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160,200 $ 146,000 $ 178,000 $ 146,000 $ 485,000 $ 550,000 $ 663,000 $ 710,200 This Year Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold $930,000 $ 539,400 Gross margin $ 390,600 Net operating income $ 240,625 Interest expense $ 12,500 Net income $ 159,688 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: Beginning Balance Ending Balance $ 43,000 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). $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $146,000 $ 38,000 $ 60,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160,200 $ 146,000 $ 550,000 $710,200 $ 485,000 $ 663,000. This Year $930,000 Cost of goods sold $ 539,400 Gross margin $ 390,600 Net operating income $ 240,625 Interest expense $ 12,500 Net income $ 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 Beginning Balance $ 38,000 $ 60,000 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 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160,200 $ 178,000 $ 146,000 $ 146,000 $ 485,000 $ 550,000 $ 663,000 $ 710,200 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 Ending Balance $ 43,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 Beginning Balance $ 38,000 $ 60,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160,200 $ 146,000 $ 75,000 $ 178,000 $ 146,000 $ 485,000 $ 550,000 $ 663,000 $ 710,200 This Year Total stockholders' equity Total liabilities and stockholders' equity 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 14-14 (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 Total liabilities and stockholders' equity Sales (all on account) This Year $930,000 $ 539,400 Cost of goods sold Gross margin $ 390,600 Net operating income $ 240,625 Interest expense Net income $ 12,500 $ 159,688 Ending Balance Beginning Balance $ 43,000 $ 38,000 $ 80,000 $ 60,000 $ 66,400 $ 80,000 $ 178,000 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $146,000 $ 710,200 $ 69,000 $ 160,200 $ 146,000 $ 485,000 $ 550,000 $ 663,000 $ 710,200 Foundational 14-15 (Algo) 15. What is the equity multiplier? (Round your answer to 2 decimal places.) Equity multiplier