Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Foundational 15 (Algo) (L014-2, LO14-3, L014-4, L014-5, L014-6) {The following information applies to the questions displayed below.) Markus Company's common stock sold for $3,50

image text in transcribed
image text in transcribed
The Foundational 15 (Algo) (L014-2, LO14-3, L014-4, L014-5, L014-6) {The following information applies to the questions displayed below.) Markus Company's common stock sold for $3,50 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 Balance Beginning Balance Cash $ 35,000 $ 34,000 Accounts receivable $ 70,000 $ 55,000 Inventory $ 60, 700 $ 70,000 Current assets $ 165, 700 $ 159,000 Total assets $ 557,000 $ 586,800 Current liabilities $ 67,500 $ 55,500 Total liabilities $ 152,000 $ 136,800 Common stock, $1 par value $ 133,000 $ 133,000 Total stockholders' equity $ 405,000 $ 450,000 Total liabilities and stockholders' equity $ 557,000 $ 586,800 Sales (all on account) Cost of goods sold Gronn margin Net operating income Interest expense Net income This Year $ 825,000 $ 478,500 $ 346,500 $ 194,250 $ 10,500 $ 128,625 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. i.e., 0.1234 should be considered as 12%.) Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity $ 67,500 $ 152,000 $ 133,000 $ 405,000 $ 557,000 $ 55,500 $ 136,800 $ 133,000 $ 450,000 $ 586,800 Sales (all on account) Cost of goods sold Groas margin Net operating income Interest expense Net income This Year $ 825,000 $ 478,500 $ 346,500 $ 194,250 $ 10,500 $ 128,625 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. i.e., 0.1234 should be considered as 12%.) Dividend payout ratio Dividend yield ratio

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Public Financial Management Essentials Of Public Sector Accounting

Authors: Gary Bandy

1st Edition

081535634X, 978-0815356349

More Books

Students also viewed these Accounting questions

Question

Explain what data abstraction means.

Answered: 1 week ago