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Accounting
please answer all questions and showing your work would be extremely helpful
Markus Companys common stock sold for $6.25 per share at the end of this year. The company paid a common stock dividend of $0.75 per share this year. It also provided the following data excerpts from this years financial statements:
Ending Balance
Beginning Balance
Cash
$
59,000
$
51,200
Accounts receivable
$
110,000
$
76,200
Inventory
$
84,700
$
110,000
Current assets
$
253,700
$
237,400
Total assets
$
959,000
$
1,058,600
Current liabilities
$
99,000
$
114,000
Total liabilities
$
254,000
$
228,600
Common stock, $1 par value
$
184,000
$
184,000
Total stockholders equity
$
705,000
$
830,000
Total liabilities and stockholders equity
$
959,000
$
1,058,600
This Year
Sales (all on account)
$
1,310,000
Cost of goods sold
$
759,800
Gross margin
$
550,200
Net operating income
$
393,125
Interest expense
$
18,500
Net income
$
138,000
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.)
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.)
11.
What is the companys operating cycle? (Round your intermediate and final answers to 2 decimal places.)
12.
What is the total asset turnover? (Round your answer to 2 decimal places.)
13.
What is the times interest earned ratio? (Round your answer to 1 decimal place.)
14.
What is the debt-to-equity ratio at the end of this year? (Round your answer to 2 decimal places.)
15.
What is the equity multiplier? (Round your answer to 2 decimal places.)
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