Please do not give solution in image format thanku Markus Company's common stock sold for $4.00 per share at the end of this year. The company paid a common stock dividend of$0.80 per share this year. It also provided the following data excerpts from this year's financial statements:Ending Balance Beginning Balance$ 45,500$39,200$ 82,000$ 61,200$ 67,600$ 82,000$ 195,100$ 182,400Total assets$ 648,000$ 689,200Current liabilities$ 72,500$ 73,500Total liabilities$ 188,000$ 169,200Common stock, $1 par value$ 145,000$ 145,000Total stockholders' equity$ 460,000$ 520,000Total liabilities and stockholders' equity $ 648,000$ 689,200CashAccounts receivableInventoryCurrent assetsThis Year$ 900,000$ 522,000$ 378,000$228,000$ 12,000$ 151,20012. What is the total asset turnoverSales (all on account)Cost of goods soldGross marginNet operating incomeInterest expenseNet incomeTotal asset turnover

The assets turnover ratio tells about the efficiency of the business to earn the sales with its…

Markus Company's common stock sold for $4.00 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 Balance Beginning Balance $ 45,500 $ 39,200 $ 82,000 $ 61,200 $ 67,600 $82,000 $ 182,400 $ 689,200 $ 73,500 $ 169,200 $ 145,000 $ 520,000 $ 689,200 Cash Accounts receivable Inventory Current assets Total assets $ 648,000 Current liabilities $ 72,500 Total liabilities $ 188,000 Common stock, $1 par value $ 145,000 Total stockholders' equity $ 460,000 Total liabilities and stockholders' equity $ 648,000 This Year Sales (all on account) $ 900,000 Cost of goods sold $ 522,000 Gross margin $ 378,000 Net operating income $228,000 $ 12.000 $ 195,100 Interest expense

Markus Company's common stock sold for $4.00 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 Balance Beginning Balance $ 45,500 $ 39,200 $ 82,000 $ 61,200 $ 67,600 $82,000 $ 182,400 $ 689,200 $ 73,500 $ 169,200 $ 145,000 $ 520,000 $ 689,200 Cash Accounts receivable Inventory Current assets Total assets $ 648,000 Current liabilities $ 72,500 Total liabilities $ 188,000 Common stock, $1 par value $ 145,000 Total stockholders' equity $ 460,000 Total liabilities and stockholders' equity $ 648,000 This Year Sales (all on account) $ 900,000 Cost of goods sold $ 522,000 Gross margin $ 378,000 Net operating income $228,000 $ 12.000 $ 195,100 Interest expense

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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