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Markus Company's common stock sold for $5.00 per share at the end of this year. The company paid a common stock dividend of $0.80 per

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Markus Company's common stock sold for $5.00 per share at the end of this year. The company paid a common stock dividend of $0.80 per share this year. It also provided the following data excerpts from this year's financial statements: Tading Malanon Beginning balance Cash $ 45,000 $ 42,000 Accounts receivable $ 90,000 $ 65,000 Tnventory $ 72,100 $ 90,000 Current sunt $ 207,100 $ 197,000 Total susta $766,000 $ 836,400 Current liabilities $ 88,000 $ 22,500 Total liabilities $ 196,000 $ 176,400 Common stock, 01 par value $ 159.000 $ 159,000 Total stockholders' equity $570,000 $ 660,000 Total liabilities and stockholders' equity $ 766,000 $ 836,400 Sales all on account) Coat of goods sold Cross margin Het operating income Interest expense Net Income This Year $ 1.045,000 606.100 5.08,900 300,000 $ 15,000 199,500 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 tumover Average collection period days Markus Company's common stock sold for $5.00 per share at the end of this year. The company paid a common stock dividend of $0.80 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Meginning Balance Cash $ 45,000 $ 42,000 Decounts receivable $ 90,000 $ 65,000 Inventory $ 72,100 $ 90,000 Current assets $ 207,100 $ 197,000 Total asuta $ 766,000 $ 836,400 Current liabilities $ 88,000 $ 82,500 Total liabilities $ 196,000 5 176,400 Common stock, 01 par value $ 159,000 Total stockholders' equity $ 159,000 $ 576,000 Total liabilities and stockholders' equity $ 660,000 $ 756,000 $ 836,400 Bales all on account) Coat of goods sold Gross margin Net operating incon Interest expense Not Income This Year 5 1,065,000 $ 606,100 $69,900 $ 300,000 $15,000 $ 199,500 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 tumover Average sale period days

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