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 $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: 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 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $750,000 $ 440,000 $310,000 $ 162,000 $ 9,000 $ 107,100 Ending Balance $ 31,000 $ 64,000 Beginning Balance $ 32,200 $ 53,700 $ 64,000 $ 59,200 $ 154,200 $ 490,000 $ 63,000 $ 149,900 $ 506,000 $ 49,500 $ 126,000 $ 140,000 $ 126,000 $ 126,000 $ 350,000 $ 380,000 $490,000 $ 506,000 Foundational 14-1 (Algo) Required: 1. What is the earnings per share? (Round your answer to 2 decimal places.) Earnings per share) 2 of 15 s. 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 $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: eBook Print eferences 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 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $750,000 $440,000 $310,000 $ 162,000 $ 9,000 $ 107,100 Ending Balance $31,000 $ 64,000 $ 59,200 $ 154,200 $490,000 $ 63,000 $ 140,000 Beginning Balance $ 32,200 $ 53,700 $ 64,000 $ 149,900 $ 506,000 $ 49,500 $ 126,000 $ 126,000 $ 126,000 $ 350,000 $ 380,000 $490,000 $ 506,000 Foundational 14-2 (Algo) 2. What is the price-earnings ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price-earnings ratio Required information of 15 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 $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: ences 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 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net incone This Year $750,000 $440,000 $310,000 $ 162,000 $ 9,000 $107,100 Ending Balance $ 31,000 $ 64,000 $ 59,200 $ 154,200 $490,000 $ 63,000 $ 140,000 $126,000 $ 350,000 $490,000 Beginning Balance $ 32,200 $53,700 $ 64,000 $ 149,900 $ 506,000 $ 49,500 $ 126,000 $ 126,000 $380,000 $ 506,000 Foundational 14-3 (Algo) 3. What is the dividend payout ratio and the dividend yield ratio? (Do not round intermediate calculations. Round your answers to the nearest whole percentage place. Le., 0.1234 should be considered as 12%) Dividend payout ratio Dividend yield ratio % Foundational 15 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 $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: 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 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $750,000 $ 440,000 $310,000 $ 162,000 $ 9,000 $ 107,100 Ending Balance $31,000 $ 64,000 $ 59,200 $ 154,200 $490,000 $ 63,000 $ 140,000 $ 126,000 $ 350,000 $490,000 Beginning Balance $ 32,200 $ 53,700 $ 64,000 $ 149,900 $ 506,000 $ 49,500 $ 126,000 $ 126,000 $380,000 $ 506,000 Foundational 14-5 (Algo) 5. What is the return on equity? (Round your answer to the nearest whole percentage place. i.e., 0.1234 should be considered as 12%) Return on equity % 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 $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: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value i Total stockholders' equity. Ending Balance $31,000 $ 64,000 $ 59,200. $ 154,200 $490,000 $ 63,000 $ 140,000 $ 126,000 $ 350,000 $ 490,000 This Year Total liabilities and stockholders' equity Sales (all on account) $ 750,000 $440,000 Beginning Balance $ 32,200 $ 53,700 $ 64,000 $ 149,900 $ 506,000 $ 49,500 $ 126,000 $ 126,000 $380,000 $ 506,000 Cost of goods sold Gross margin $ 310,000 Net operating incone Interest expense $ 162,000 $ 9,000 Net income $ 107,100 Foundational 14-6 (Algo) 6. What is the book value per share at the end of this year? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Book value per share 2.80 4 Foundational 15 5 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 $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: 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 Sales (all on account) This Year Ending Balance $ 31,000 Beginning Balance $ 32,200 $ 53,700 $ 64,000 $ 149,900 $ 64,000 $ 59,200 $ 154,200 $490,000 $ 63,000 $ 140,000 $ 506,000 $ 49,500 $ 126,000 $ 126,000 $380,000 $ 506,000 $ 126,000 $ 350,000 $490,000 Cost of goods sold Gross margin Net operating income Interest expense Net income $ 750,000 $440,000 $ 310,000 $ 162,000 $ 9,000 $ 107,100 Foundational 14-8 (Algo) 8. What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.) Acid-test ratio 15 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 $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: Total liabilities. Cashi Accounts receivable Inventory Current assets Total assets Current liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating incone Interest expense Net income $ 750,000 $440,000 $310,000 $ 162,000 $ 9,000 $ 107,100 Ending Balance $31,000 $ 64,000 $ 59,200 $ 154,200 $490,000 $ 63,000 $ 140,000 $ 126,000 $350,000 $490,000 This Year Beginning Balance $ 32,200 $ 53,700 $ 64,000 $ 149,900 $ 506,000 $ 49,500 $ 126,000 $ 126,000 $380,000 $ 506,000 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.) Accounts receivable turnover Average collection period 28.64 days 5 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 $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 Balance $31,000 $ 64,000 $ 59,200 Beginning Balance $ 32,200 $ 53,700 $ 64,000 $ 63,000 $ 140,000 $ 154,200 $ 490,000 $ 149,900 $ 506,000 $ 49,500 $ 126,000 $ 126,000 $ 126,000 $ 350,000 $ 380,000 $490,000 $ 506,000 This Year 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 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income $750,000 $440,000 $310,000 $ 162,000 $ 9,000 $107,100 Foundational 14-10 (Algo) 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.) Answer is complete but not entirely correct. Inventory turnover Average sale period 61,600.00 51.10 days 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 $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: Cash Accounts receivable Inventory Total assets. Current assets Current liabilities Total liabilities Connon stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net incone This Year $ 750,000 $440,000 $310,000 $ 162,000 $ 9,000 $ 107,100 Ending Balance $31,000 $ 64,000 $ 59,200 $ 154,200 $ 490,000 $ 63,000 $ 140,000 $ 126,000 $ 350,000 $490,000 Beginning Balance $ 32,200 $ 53,700 $ 64,000 $ 149,900 $ 506,000 $ 49,500 $ 126,000 $ 126,000 $380,000 $ 506,000 Foundational 14-14 (Algo) 4. What is the debt-to-equity ratio at the end of this year? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Debt-to-equity ratio 0.36