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Markus Companys common stock sold for $4.75 per share at the end of this year. The company paid a common stock dividend of $0.57 per

Markus Companys common stock sold for $4.75 per share at the end of this year. The company paid a common stock dividend of $0.57 per share this year. It also provided the following data excerpts from this years financial statements:

Ending Balance

Beginning Balance

Cash

$ 44,000

$ 43,200

Accounts receivable

$ 92,000

$ 66,200

Inventory

$ 73,300

$ 92,000

Current assets

$ 209,300

$ 201,400

Total assets

$ 750,000

$ 809,000

Current liabilities

$ 84,000

$ 87,000

Total liabilities

$ 210,000

$ 189,000

Common stock, $1 par value

$ 158,000

$ 158,000

Total stockholders equity

$ 540,000

$ 620,000

Total liabilities and stockholders equity

$ 750,000

$ 809,000

This Year

Sales (all on account)

$ 1,080,000

Cost of goods sold

$ 626,400

Gross margin

$ 453,600

Net operating income

$ 276,500

Interest expense

$ 14,000

Net income

$ 183,750

  1. What is the times interest earned ratio? (Round your answer to 2 decimal place.)
  2. What is the debt-to-equity ratio at the end of this year? (Round your answer to 2 decimal places.)
  3. What is the equity multiplier? (Round your answer to 2 decimal places.)

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