Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
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: 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 Ending Beginning Balance Balance $ 40,000 $ 40,200 $ 84,000 $ 63,700 $ 70,600 $ 84,000 $ 194,600 $ 187,900 $699,000 $755,600 $ 78,000 $ 76,500 $184.000 $ 165,600 $ 152,000 $152.000 $ 515,000 $590,000 $699,000 $755,600 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 14-2 2. What is the price-earnings ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 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 Ending Beginning Balance Balance $ 40,000 $ 40,200 $ 84,000 $ 63,700 $ 70,600 $ 84,000 $ 194,600 $ 187,900 $699,000 $755,600 $ 78,000 $ 76,500 $ 184,000 $ 165,600 $152,000 $152,000 $ 515.000 $590.000 $699,000 $755,600 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 14-3 3. What is the dividend payout ratio and the dividend yield ratio? (Do not round intermediate calculations. Round your answer to the nearest whole percentage place (.e., 0.1234 should be entered as 12).) Dividend payout ratio Dividend yield ratio Cash Accounts recevable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity $ 40,000 $40,200 $ 84,000 $ 63,700 $ 70,600 $ 84,000 $ 194,600 $ 187,900 $699,000 $755,600 $ 78,000 $ 76,500 $184,000 $ 165,600 $152,000 $152,000 $ 515,000 $590,000 $699,000 $755,600 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 14-4 4. What is the return on total assets (assuming a 30% tax rate)? (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Return on total assets common stock dividend of $0.63 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 Ending Beginning Balance Balance $ 40,000 $ 40,200 $ 84,000 $ 63,700 $ 70,600 $ 84,000 $ 194,600 $ 187,900 $699,000 $755,600 $ 78,000 $ 76,500 $ 184,000 $ 165,600 $ 152,000 $ 152,000 $ 515,000 $590,000 $699,000 $755,600 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 14-5 5. What is the return on equity? (Round your answer to the nearest whole percentage place (i.e., 0.1234 should be entered as 12).) % Return on equity 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: 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 Ending Beginning Balance Balance $ 40,000 $ 40,200 $ 84,000 $ 63,700 $ 70,600 $ 84,000 $ 194,600 $ 187,900 $699,000 $755,600 $ 78,000 $ 76,500 $ 184,000 $ 165,600 $ 152,000 $152,000 $ 515,000 $590,000 $699,000 $755,600 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 14-6 6. What is the book value per share at the end of this year? (Round your answer to 2 decimal places.) Book value per share

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

Step: 3

blur-text-image

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

Fundamental Cornerstones Of Managerial Accounting

Authors: Dan L. Heitger, Maryanne M. Mowen, Don R. Hansen

1st Edition

ISBN: 0324378068, 9780324378061

More Books

Students also viewed these Accounting questions

Question

=+Discuss the importance of research in social media practices

Answered: 1 week ago