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The Foundational 15 (Algo) [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
The Foundational 15 (Algo) [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 $5.75 per share at the end of this year. The company paid a common stock dividend of $0.69 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities. Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold, Gross margin Net operating income. Interest expense Net income This Year $ 1,160,000 $ 672,800 $ 487,200 $ 352,750 $ 17,000 $ 235,025 Ending Balance $51,000 $ 98,000 $ 77,800 $ 226,800 $ 868,000 $ 90,000 $ 218,000 Beginning Balance $ 46,000 $ 70,000 $ 98,000 $ 214,000 $ 956,200 $ 96,000 $196,200 $ 172,000 $ 172,000 $ 650,000 $ 760,000 $ 868,000 $ 956,200 Required: 1. What is the earnings per share? (Round your answer to 2 decimal places.) Earnings per share 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.) Working capital Current ratio 8. What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.) Acid-test ratio. 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.) Accounts receivable turnover Average collection period days 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.) Inventory turnover Average sale period days 11. What is the company's operating cycle? (Use 365 days in a year. Round your intermediate and final answer to 2 decimal places.) Operating cycle days
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