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Markus Company's common stock sold for $5.25 per share at the end of this year. The company paid a common stock dividend of $0.63 per
Markus Company's common stock sold for $5.25 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Beginning Balance Balance Cash $ 49,000 $ 44,200 Accounts receivable $ 92,000 $ 68,700 Inventory $ 76,300 $ 92,000 Current assets $ 217,300 $ 204,900 Total assets $ 801,000 $875.400 Current liabilities $ 85,500 $ 90,000 Total liabilities $ 206,000 $ 185,400 Common stock. $1 par value $ 165,000 $ 165,000 Total stockholders' equity $ 595,000 $690,000 Total liabilities and stockholders' equity $ 801,000 $875,400 This Year Soles (all on account) $1095,000 Cost of goods sold $ 635,100 Gross margin $ 459,900 Net operating income $ 313,875 Interest expense $ 15,500 Net Income $ 208,862 5. What is the return on equilty? (Round your answer to the nearest whole percentage place (... 01234 should be entered as 121) 16% Rolumon equity
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