Markus Company's common stock sold for $3.00 per share at the end of this year. The company paid a comm dividend of $0.48 per share this year. It also provided the following data excerpts from this year's financial stat 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 Sales (all on account) Cost of goods sold Gross margin This Year $ 750,000 $ 440,000 $ 310,000 Ending Balance $ 31,000 $ 64,000 $ 59,200 $ 154,200 $ 490,000 $ 63,000 $ 140,000 $ 126,000 $ 350,000 $ 490,000 Beginning Balance $ 32,200 $ 53,700 $ 64,000 $ 149,900 $ 506,000 $ 49,500 $ 126,000 $ 126,000 $ 380,000 $ 506,000

Markus Company's common stock sold for $3.00 per share at the end of this year. The company paid a comm dividend of $0.48 per share this year. It also provided the following data excerpts from this year's financial stat 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 Sales (all on account) Cost of goods sold Gross margin This Year $ 750,000 $ 440,000 $ 310,000 Ending Balance $ 31,000 $ 64,000 $ 59,200 $ 154,200 $ 490,000 $ 63,000 $ 140,000 $ 126,000 $ 350,000 $ 490,000 Beginning Balance $ 32,200 $ 53,700 $ 64,000 $ 149,900 $ 506,000 $ 49,500 $ 126,000 $ 126,000 $ 380,000 $ 506,000

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 13E: Ratio of liabilities to stockholders equity and times interest earned The following data were taken...

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