Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help with the numbers in the problem The Foundational 15 (Algo) (L014-2, L014-3, L014-4, L014-5, LO14-6) [The following information applies to the questions displayed

please help with the numbers in the problem
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The Foundational 15 (Algo) (L014-2, L014-3, L014-4, L014-5, LO14-6) [The following information applies to the questions displayed below.) Markus Company's common stock sold for $4.00 per share at the end of this year. The company paid a common stock dividend of $0.80 per share this year. It also provided the following data excerpts from this year's financial statements. Ending Balance Canh $ 45,500 Accounts receivable $ 82,000 Inventory $ 67,600 Current assets $ 195, 100 Total assets $ 640,000 Current liabilities $ 72,500 Total liabilities $ 188,000 Common stock, $1 par value $ 145,000 Total stockholders' equity $ 460,000 Total liabilities and stockholders' equity $ 648,000 This Year Sales (all on account) $ 900,000 Cost of goods sold $ 522,000 Gross margin 5 378,000 Het operating income $ 228,000 Interest expense 12,000 Net income $ 151,200 Beginning Balance $ 39,200 $ 61,200 $ 82,000 $ 182,400 $ 689,200 $ 73,500 $ 169,200 $ 145,000 $ 520,000 $ 689,200 Foundational 14-5 (Algo) 5. What is the return on equity? (Round your answer to the nearest whole percentage place. Le., 0.1234 should be considered as 12%) Retum on equity 6. What is the book value per share at the end of this year? (Round your answer to 2 decimal places.) Book value pet share 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 8. What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions