Required information The Foundational 15 (L014-2, L014-3, L014-4, LO14-5, L014-6) [The following information applies to the questions displayed below.) Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Beginning Balance Balance Cash $ 35,000 $ 30,000 Accounts receivable $ 60,000 $ 50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $ 450,000 $ 460,000 Current liabilities $ 60,000 $ 40,000 Total liabilities $ 130,000 $ 120,000 Common stock, $1 par value $ 120,000 $ 120,000 Total stockholders' equity $ 320,000 $340,000 Total liabilities and stockholders' equity $ 450,000 $ 460,000 This Year Sales (all on account) $ 700,000 Cost of goods sold $ 400,000 Gross margin $ 300,000 Net operating income $ 140,000 Interest expense $ 8,000 Net income $ 92,400 4. What is the return on total assets (assuming a 30% tax rate)? (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Answer is complete but not entirely correct. 20.3 % Return on total assets 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.) Answer is complete but not entirely correct. 14.00 Accounts receivable turnover Average collection period 26.07 days 11. What is the company's operating cycle? (Round your intermediate and final answer to 2 decimal places.) Answer is complete but not entirely correct. Operating cycle 81.15 days 13. What is the times interest earned ratio? (Round your answer to 1 decimal place.) Answer is complete but not entirely correct. Times interest earned 17,500.0 % ratio 15. What is the equity multiplier? (Round your answer to 2 decimal places.) | Answer is complete but not entirely correct. Equity multiplier 1.41