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This question is from chapter 15 of Managerial Accounting 16 th edition by Ray Garrison. Markus Company's common stock sold for $5.00 per share at
This question is from chapter 15 of Managerial Accounting 16th edition by Ray Garrison.
Markus Company's common stock sold for $5.00 per share at the end of this year. The company paid a common stock dividend of $0.80 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Beginning Balance $ 45,000 42,000 $ 90,000 65,000 $ 72,100 90,000 $ 207,100 $ 197,000 $ 766,000 836,400 $ 88,000 $ 82,500 $ 196,000 176,400 $159,000 $ 159,000 $570,000 $660,000 Total liabilities and stockholders' equity $ 766,000 $ 836,400 Balance Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity This Year Sales (all on account) $1,045,000 Cost of goods sold 606,100 $ 438,900 Net operating income 300,000 $15,000 $ 199,500 Gross margin Interest expense Net income 1. What is the earnings per share? (Round your answer to 2 decimal places.) Earnings per share 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. i.e., 0.1234 should be considered as 12%.) Dividend payout ratio Dividend yield ratio 5. what is the return on equity? (Round your answer to the nearest whole percentage place. i.e., 0.1234 should be considered as 12%.) Return on equity 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 ratioStep by Step Solution
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