$[$The following information applies to the questions displayed below.$]$

Markus Company$$s common stock sold for $$4\mathrm{.}50$ per share at the end of this year. The company paid a common stock dividend of $$0\mathrm{.}63$ per share this year. It also provided the following data excerpts from this year$$s financial statements:

Ending Balance Beginning 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$$ equity $ $699,000$ $ $755,600$

This Year

Sales $($all on account$)$ $ $980,000$

Cost of goods sold $ $568,400$

Gross margin $ $411,600$

Net operating income $ $263,250$

Interest expense $ $13,500$

Net income $ $174,825$

Foundational $14-1($Algo$)$

Required:

$1.$ What is the earnings per share? $($Round your answer to $2$ decimal places.$)$

$7.$ What is the amount of working capital and the current ratio at the end of this year? $($Round "Current ratio" to $2$ decimal places.$)$

$8.$ What is the acid$-$test ratio at the end of this year? $($Round your answer to $2$ decimal places.$)$

$9.$ 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 company$$s operating cycle? $($Use $365$ days in a year. Round your intermediate and final answer to $2$ decimal places.$)$