The Foundational 15 (Algo) (L014-2, LO14-3, LO14-4, LO14-5, LO14-6) [The following information applies to the questions displayed below.) Markus Company's common stock sold for $2.00 per share at the end of this year. The company paid a common stock dividend of $0.42 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance Cash $ 30,500 $ 46,000 Accounts receivable $ 52,000 $ 45,000 Inventory $ 49,300 $ 52,000 Current assets $ 131,800 $ 143,000 Total assets $ 353,000 $ 318,200 Current liabilities $ 52,500 $ 37,500 Total liabilities $ 98,000 $ 88,200 Common stock, $1 par value $ 111,000 $ 111,000 Total stockholders' equity $ 255,000 $ 230,000 Total liabilities and stockholders' equity $ 353,000 318,200 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 585,000 $ 339, 300 $ 245,700 $ 75,500 $ 4,500 $ 49,700 Foundational 14-9 (Algo) 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.) Answer is complete but not entirely correct. Accounts receivable turnover 11.55 Average collection period 3160 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.) Answer is complete but not entirely correct. Operating cycle 86.08 days