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The Foun The following information applies to the questions displayed below! Markus Company's common stock sold for $3.75 per share at the end of this
The Foun The following information applies to the questions displayed below! Markus Company's common stock sold for $3.75 per share at the end of this year. The company paid a common stock dividend or $0.60 per share this year. It also provided the following dota excerpts from this year's financial statements: Ending Beginning Balance Balance Cash $ 41,000 $ 36,200 Accounts receivable $ 74,000 $ 58.700 Inventory $ 64,900 $ 74,000 Current assets $ 179,900 $168.900 Total assets $ 590,000 $624,000 Current liabilities $ 70,500 $ 63,000 Total liabilities $ 160,000 $144,000 Common stock, S1 par value $ 139,000 $ 139,000 Total stockholders' equity $430,000 $ 480,000 Total Habilities and stockholders' equity $590,000 $ 624,000 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 865.000 $ 501,700 $363,300 $ 206,250 $ 11,000 $ 136,675 13. What is the times interest earned ratio? (Round your answer to 2 decimal place.) Timos interest eamed ratio 11. What is the company's operating cycle? (Round your intermediate and final answers to 2 decimal places.) Operating cyclo days
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