Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Markus Company's common stock sotd for $200 per share attire end of this year. The average number of common shares outstanding during the year is

image text in transcribed
image text in transcribed
Markus Company's common stock sotd for $200 per share attire end of this year. The average number of common shares outstanding during the year is 111,000. The company also paid a common stock dividend of $0.42 per share this year. It also provided the following data excerpts from this year's nancial statements: Cash Accounts receivable Inventory Total current assets Current liabilities Total liabilities Corrrrrron shareholders' equity \"total shareholders' equity Total liabilities and cornion shareholders' equity Ending Beginning Balance Balance 5 30,580 3 46,960 5 52,999 3 45,999 3 49,308 $ 52,900 5 131,909 s 143.9% 5 52,500 S 37,500 5 98,999 3 58,299 1 111,999 3 111,999 5 255,098 5 230,969 5 S 353, 999 315, 299 This Year Sales (all on account) 5 585,680 Cost of goods sold 3 339,368 Gross rlargin S 245,789 Operating income 3 75,580 Interest expense 3 4,580 Net income 3 49,709 Required: 1. What Is the earnings pershare? (Round your answer to 2 decimal places.) _:| 2. What is the prlceeamings ratio? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) _: 3. What IS the leIdend payout ratio and the leIdel'ld yield ratio? (DO not round Intermediate calculations. Round your answer to the nearest whole percentage place. I.e., 0.1234 should be considered as 1296) Dividend payout ratio Dividend yield ratio 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%) 5. What is the return on equity? (Round your answer to the nearest whole percentage place. I.e., 0.1234 should be considered as 12%) 6. What Is the book value per share at the end of this year? (Round your answer to 2 decimal places.) 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.) 8. What Is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.) _: 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 turnover Average collection DEE-Dd 10. What is the Inventory turnover? (Use 365 days In a year. Round your intermediate and final answers to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Information For Decisions

Authors: John J. Wild

10th Edition

1260705587, 978-1260705584

More Books

Students also viewed these Accounting questions

Question

What are the APPROACHES TO HRM?

Answered: 1 week ago

Question

What do you mean by dual mode operation?

Answered: 1 week ago

Question

Explain the difference between `==` and `===` in JavaScript.

Answered: 1 week ago

Question

2. How do I perform this role?

Answered: 1 week ago