Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help with the numbers in the problem the roundauonat 15 (MINO) LU14-2, LU 14-3, LU 14-4, LU 14-5, LU14-OJ [The following information applies to

please help with the numbers in the problem
image text in transcribed
image text in transcribed
image text in transcribed
the roundauonat 15 (MINO) LU14-2, LU 14-3, LU 14-4, LU 14-5, LU14-OJ [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: 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 $ 45,500 $ 82,000 $ 67,600 $ 195,100 $ 68,000 $ 72,500 $ 188,000 9 145,000 $ 460,000 $ 648,000 Beginning Balance $ 39,200 $ 61,200 $ 82,000 $ 182,400 $ 689, 200 $ 73,500 $ 169,200 $ 145,000 $ 520,000 $ 689,200 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 900,000 $ 522,000 $ 378,000 $ 220,000 $ 12,000 $ 151,200 Foundational 14-13 (Algo) 13. What is the times interest earned ratio? (Round your answer to 2 decimal place.) Times interest earned ratio Foundational 14-14 (Algo) 14. What is the debt-to-equity ratio at the end of this year? (Round your answer to 2 decimal places.) Debt-to-equity ratio 15. What is the equity multiplier? (Round your answer to 2 decimal places.) Equity multiple

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

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

Recommended Textbook for

Cost Management A Strategic Emphasis

Authors: Edward Blocher, David E. Stout, Gary Cokins, Kung Chen

4th Edition

0073128155, 978-0073128153

More Books

Students also viewed these Accounting questions

Question

1. Try oral, open-book, or group tests.

Answered: 1 week ago

Question

How is social networking used in informal training?

Answered: 1 week ago

Question

What are some career development methods?

Answered: 1 week ago