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the Markus Company's common stock sold for $2.75 per share at the end of this year. The company pald a common stock dMdend of $0.55

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the Markus Company's common stock sold for $2.75 per share at the end of this year. The company pald a common stock dMdend of $0.55 per share thls year. It also provided the following data excerpts from this years financial statements Ending Beginning Balance Balance 35,000 $ 30,000 $ 60,000 50,000 s 55,000 60,000 $ 150,000 $ 140,000 $ 450,000 460,000 $ 60,000 40,000 $130,000 $120,000 $120,000 $ 120,000 $320,000 340,000 $450,000 $ 460,000 Cash Accounts recelvable 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 $700,000 $400,000 $300,000 140,000 $ 8,000 $ 92,400

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