Markus Company's common stock sold for $6.00 per share at the end of this year. The company paid a common stock dividend of $0.96 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance Cash $ 54,000 $ 48,200 Accounts receivable $ 102,000 $ 73,700 Inventory $ 82,800 102,000 Current assets $ 238,000 $ 223,900 Total assets $ 900,000 $ 999,000 Current liabilities $ 93,000 $ 103,500 Total liabilities $ 220,000 $ 198,000 Common stock, 51 par value $ 178,000 $ 178,000 Total stockholders' equity $ 680,000 $ 800,000 Total liabilities and stockholders' equity $ 900,000 $ 998,000 This Year Sales (all on account) $ 1,210,000 Cost of goods sold $701,800 Gross margin $ 508,200 Net operating income $ 378,000 Interest expense $ 18,000 Net income 5 252,000 Foundational 14-1 (Algo) Required: 1. What is the earnings per share? (Round your answer to 2 decimal places.) Eaming por share Markus Company's common stock sold for $6.00 per share at the end of this year. The company paid a common stock dividend of $0.96 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Cash $ 54,000 Accounts receivable $ 102,000 Inventory $ 82,000 Current assets $ 238,000 Total assets $ 900,000 Current liabilities $ 93,000 Total liabilities $ 220,000 Common stock, 51 par value $ 178,000 Total stockholders' equity $ 680,000 Total liabilities and stockholders' equity $ 900,000 This Year Sates (all on account) $ 1,210,000 Cost of goods sold $ 701,800 Gross margin $588,200 Net operating income $ 378,000 Interest expense $ 18,000 Net income $ 252,000 Beginning Balance $ 48,200 $ 73,700 $ 102,000 $ 223,900 $ 998,000 $ 103,500 $ 198,080 $ 178,000 $ 800,000 $ 998,000 Foundational 14-4 (Algo) 4. What is the return on total assets (assuming a 30% tax rate)? (Round percentage answer to 1 decimal place..e., 0.123 should be considered as 12.3%) Markus Company's common stock sold for $6.00 per share at the end of this year. The company paid a common stock dividend of $0.96 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance Cash $ 54,000 $ 48,200 Accounts receivable $ 102,000 $ 73, 700 Inventory $ 82,000 $ 102,000 Current assets $ 238,000 $ 223,900 Total assets $ 900,000 $998,000 Current liabilities $ 93,000 $ 103,500 Total abilities $ 220,000 $ 198,000 Common stock, 51 par value $ 178,000 $ 178,000 Total stockholders' equity $ 680,000 $ 800,000 Total liabilities and stockholders' equity $ 900,000 $ 999,000 This Year Sales (all on account) $ 1,210.000 Cost of goods sold $ 701,800 Gross margin $ 508,200 Net operating income $ 378,000 Interest expense $ 18,000 Net income $ 252,000 Foundational 14-7 (Algo) 7. What is the amount of working capital and the current ratio at the end of this year? (Round "Current ratio" to 2 decimal places.) Working capital Current ratio Markus Company's common stock sold for $6.00 per share at the end of this year. The company paid a common stock dividend of $0.96 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance Cash $ 54,000 $ 48,200 Accounts receivable $ 102,000 $ 73,700 Inventory $ 82,000 $ 102,000 Current assets $ 238,000 $ 223,900 Total assets $ 900,000 $ 998,000 Current liabilities $ 93,000 $ 103,500 Total liabilities $ 220,000 $ 198,000 Common stock, $1 par value $ 178,000 $ 178,000 Total stockholders' equity $ 680,000 Total liabilities and stockholders' equity $ 800,000 $ 900,000 $ 998,000 Sales (alt on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 1,210,000 $ 701,800 $ 508,200 $ 378,000 $ 18,000 $ 252,000 Foundational 14-8 (Algo) 8. What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.) Add-test ratio
