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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 |
Foundational 14-12 (Algo)
12. What is the total asset turnover?
13. What is the times interest earned ratio?
14. What is the debt-to-equity ratio at the end of this year?
15. What is the equity multiplier?
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