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 $ 54,800 $ 48,200 Accounts receivable $ 102,000 $ 73,700 Inventory $ 82,800 $ 102,000 Current assets $ 238,000 $ 223,900 Total assets $ 900,000 $ 998,000 Current liabilities $ 93,860 $ 103,500 Total liabilities $ 220,000 $ 198,000 Common stock, $1 par value $ 178,000 $ 178,000 Total stockholders' equity $ 680,000 $ 800,000 Total liabilities and stockholders' equity $ 900,000 $ 998,000 Sales (all 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 14-4 (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%) Answer is complete but not entirely correct. 28.5 % Return on total assets 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 $ 800,000 Total liabilities and stockholders' equity $ 900,000 $ 998,888 Sales (all on account) Cost of goods sold Gross margin Net operating incone Interest expense Net incone This Year $ 1,210,000 $ 701,800 $ 508,200 $ 378,000 $ 18,000 $ 252,000 Foundational 14-9 (Algo) 9. What is the accounts receivable turnover and the average collection period? (Use 365 dilys in a year. Round your intermediate and final answers to 2 decimal places.) Accounts receivable turnover Average collection period days 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 $ 199,000 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 Sales (oll 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 5 252,000 Foundational 14-10 (Algo) 10. What is the inventory turnover and the average sale period? (Use 365 days in a year. Round your intrmediate and final answers to 2 decimal places.) cventory luncer Average sale period days 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 $ 190,000 Connon stock, 51 par value $ 178,000 $ 178,000 Total stockholders' equity $ 680,000 $ 800,000 Total liabilities and stockholders' equity $ 900.000 5.998,000 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year 51,210,000 $701,800 $ 508,200 $ 378,000 $ 18,00 5.252,000 Foundational 14-11 (Algo) 11. Whot is the company's operating cycle? (Use 365 days in a year. Round your intermediate and final answer to 2 decimal places.) Operating syche I day