Required information The Foundational 15 (Algo) (LO14-2, L014-3, L014-4, 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 $068 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 Habilities Common stock, 51 por value Total stockholders' equity Total Habilities and stockholded equity Ending Balance $ 43,000 5.50.000 $ 66,400 $ 189,400 $ 663,000 $ 75,000 $ 178,000 5. 146,000 $ 485,000 5 663,000 Beginning Balance 5:38.000 $ 60,000 5.30.000 $ 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 5.930,000 $539,400 $390.600 $ 240,625 $ 12,500 $ 159,688 Foundational 14-8 (Algo) 8 What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.) Ack-to-stratio Required information The Foundational 15 (Algo) (L014-2, LO14-3, LO14-4, L014-5, 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, 51 par value Total stockholders' equity Total liabilities and stockholders' equity Ending Balance 5.43,000 $ 80,000 $.66,400 $ 189,400 $ 663,000 5.75,000 $ 178,00 $ 146,000 $ 485,000 $ 663,000 Beginning Balance $ 30,000 $ 60,000 $ 80,000 $ 178,000 5 710,200 $ 69,000 $ 160,200 $ 146,000 $ 550,000 5.710,200 Sales (011 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 intermediat and final answers to 2 decimal places.) Accounts receivable turnover Average collection period days Required information The Foundational 15 (Algo) (L014-2. LO14-3, LO14-4, L014-5, L014-6) [The following information applies to the questions displayed below) Markus Company's common stock sold for $4 25 pershare 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 Ending balance Beginning Balance Cash $ 43,000 $ 38,000 Accounts receivable $ 80,000 $ 60,000 Inventory $ 66,400 $ 80,000 Current assets $ 189,400 5. 178,000 Total assets $663, $710.200 Current Habilities $ 75,000 $ 69,000 Total liabilities $ 178.000 $ 160,200 Common stock, $1 par value $ 146,000 $ 146,000 Total stockholders equity 5.485,000 $ 550,000 Total liabilities and stockholders' equity $ 663,000 $. 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 14-10 (Algo) 10. What is the inventory turnover and the average sale perlod? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.) Inventory turnover Average sale period days