Question
please answer all questions and showing your work would be extremely helpful Markus Companys common stock sold for $6.25 per share at the end of
please answer all questions and showing your work would be extremely helpful
Markus Companys common stock sold for $6.25 per share at the end of this year. The company paid a common stock dividend of $0.75 per share this year. It also provided the following data excerpts from this years financial statements: |
Ending Balance | Beginning Balance | |||
Cash | $ | 59,000 | $ | 51,200 |
Accounts receivable | $ | 110,000 | $ | 76,200 |
Inventory | $ | 84,700 | $ | 110,000 |
Current assets | $ | 253,700 | $ | 237,400 |
Total assets | $ | 959,000 | $ | 1,058,600 |
Current liabilities | $ | 99,000 | $ | 114,000 |
Total liabilities | $ | 254,000 | $ | 228,600 |
Common stock, $1 par value | $ | 184,000 | $ | 184,000 |
Total stockholders equity | $ | 705,000 | $ | 830,000 |
Total liabilities and stockholders equity | $ | 959,000 | $ | 1,058,600 |
This Year | ||
Sales (all on account) | $ | 1,310,000 |
Cost of goods sold | $ | 759,800 |
Gross margin | $ | 550,200 |
Net operating income | $ | 393,125 |
Interest expense | $ | 18,500 |
Net income | $ | 138,000 |
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.) |
10. | What is the inventory turnover and the average sale period? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.) |
11. | What is the companys operating cycle? (Round your intermediate and final answers to 2 decimal places.) |
12. | What is the total asset turnover? (Round your answer to 2 decimal places.) |
13. | What is the times interest earned ratio? (Round your answer to 1 decimal place.) |
14. | What is the debt-to-equity ratio at the end of this year? (Round your answer to 2 decimal places.) |
15. | What is the equity multiplier? (Round your answer to 2 decimal places.) |
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