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 14-8 (Algo)

8. What is the acid-test ratio at the end of this year?

9. What is the accounts receivable turnover and the average collection period?

10. What is the inventory turnover and the average sale period?

11. What is the companys operating cycle?