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Markus Company's common stock sold for $5.75 per share at the end of this year. The company paid a common stock dividend of $0.69
Markus Company's common stock sold for $5.75 per share at the end of this year. The company paid a common stock dividend of $0.69 per share this year. It also provided the following data excerpts from this year's financial statements: of 15 Cash ook rences Accounts receivable Inventory Current assets Total assets Current liabilities. Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account). Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 1,160,000 $ 672,800 $ 487,200 $352,750 $17,000 $235,025 Ending Balance $ 51,000 $ 98,000 Beginning Balance $ 46,000 $ 70,000 $ 77,800 $226,800 $ 868,000 $ 90,000 $218,000 $172,000 $ 650,000 $ 98,000 $214,000 $ 956,200 $ 96,000 $196,200 $172,000 $760,000 $ 868,000 $ 956,200 Foundational 14-4 (Algo) 4. What is the return on total assets (assuming a 30% tax rate)? (Round percentage answer to 1 decimal place. i.e., 0.123 should be considered as 12.3%) Return on total assets 20.3
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