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Markus Companys common stock sold for $5.00 per share at the end of this year. The company paid preferred stock dividends totaling $4,400 and a
Markus Companys common stock sold for $5.00 per share at the end of this year. The company paid preferred stock dividends totaling $4,400 and a common stock dividend of $1.16 per share this year. It also provided the following data excerpts from this years financial statements: Ending Balance Beginning Balance Cash $ 45,000 $ 42,000 Accounts receivable $ 90,000 $ 65,000 Inventory $ 72,100 $ 90,000 Current assets $ 207,100 $ 197,000 Total assets $ 766,000 $ 836,400 Current liabilities $ 88,000 $ 82,500 Total liabilities $ 196,000 $ 176,400 Preferred stock $ 49,000 $ 49,000 Common stock, $1 par value $ 110,000 $ 110,000 Total stockholders equity $ 570,000 $ 660,000 Total liabilities and stockholders equity $ 766,000 $ 836,400 This Year Sales (
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