Required information The Foundational 15 (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 $4.50 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Beginning Balance Balance Cash $ 40,000 $ 40,200 Accounts receivable $ 84,000 $ 63,700 Inventory $ 70,600 $ 84,000 Current assets $ 194,600 $ 187,900 Total assets $699,000 $755,600 Current liabilities $ 78,000 $ 76,500 Total liabilities $184,000 $ 165,600 Common stock, $1 par value $ 152,000 $ 152,000 Total stockholders' equity $ 515,000 $590,000 Total liabilities and stockholders' $699,000 $755,600 equity This Year Sales (all on account) $980,000 Cost of goods sold $568,400 Gross margin $ 411,600 Net operating $263,250 income Interest expense $ 13,500 Net income $ 174,825 Foundational 14-12 Cost of goods Gross margin Net operating income Interest expense Net income $ 411,600 $263,250 $ 13,500 $ 174,825 Foundational 14-12 12. What is the total asset turnover? (Round your answer to 2 decimal places.) Total asset tumover Net operating income Interest expense Net income $263,250 $ 13,500 $ 174,825 Foundational 14-13 13. What is the times interest earned ratio? (Round your answer to 2 decimal place.) Times interest eamed ratio Net operating income Interest expense Net income $263,250 $ 13,500 $ 174,825 Foundational 14-14 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