Question
Please solve all questions and detail answers CLEARLY 9. What is the accounts receivable turnover and the average collection period? (Use 365 days in a
Please solve all questions and detail answers CLEARLY
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 2 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.)
Required information [The following information applies to the questions displayed below.] Markus Company's common stock sold for $3.00 per share at the end of this year. The company paid a common stock dividend of $0.48 per share this year. It also provided the following data excerpts from this year's financial statements Ending Beginning Balance Balance $ 31,000 $ 32,200 $ 64,000 $ 53,700 $ 59,200 $ 64,000 $ 154,200 $ 149,900 $490,000 $506,000 $ 63,000 $49,500 $140,000 126,000 $126,000 $ 126,000 350,000 380,000 Total liabilities and stockholders' equity $ 490,000 $506,000 Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity This Year Sales (all on account) $750,000 $440,000 310,000 Net operating income 162,000 $ 9,000 $ 107100 Cost of goods sold Gross margin Interest expense Net income
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