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please help thank you. ! Required information The Foundational 15 (Algo) (LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below.]
please help thank you.
! Required information The Foundational 15 (Algo) (LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below.] Markus Company's common stock sold for $4.25 per share at the end of this year. The company paid a common stock dividend of $0.68 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders equity Ending Balance $ 43,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $ 146,000 $ 485,000 $ 663,000 Beginning Balance $ 38,000 $ 60,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160,200 $ 146,000 $ 550,000 $ 710,200 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 930,000 $ 539,400 $ 390, 600 $ 240,625 $ 12,500 $ 159, 688 Foundational 14-1 (Algo) Required: 1. What is the earnings per share? (Round your answer to 2 decimal places.) Earings per share W O Required information The Foundational 15 (Algo) (LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below.] Markus Company's common stock sold for $4.25 per share at the end of this year. The company paid a common stock dividend of $0.68 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Ending Balance $ 43,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $ 146,000 $ 485,000 $ 663.000 Beginning Balance $ 38,000 $ 60,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160, 200 $ 146,000 $ 550,000 $ 710,200 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 930,000 $ 539.400 $ 390.600 $ 240,625 $ 12,500 $ 159.688 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 17.6 % Required information The Foundational 15 (Algo) (LO14-2, LO14-3, LO14-4, LO14-5, LO14-6] [The following information applies to the questions displayed below.] Markus Company's common stock sold for $4.25 per share at the end of this year. The company paid a common stock dividend of $0.68 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Ending Balance $ 43,000 $ 80,000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 178,000 $ 146,000 $ 485,000 $ 663,000 Beginning Balance $ 38,000 $ 60,000 $ 80,000 $ 178,000 $ 710,200 $ 69,000 $ 160,200 $ 146,000 $ 550,000 $ 710, 200 s Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 930,000 $ 539,400 $ 390,600 $ 240,625 $ 12,500 $ 159,688 Foundational 14-9 (Algo) 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.) 7.71 Accounts receivable turnover Average collection period 47.34 daysStep by Step Solution
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