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Markus Company's 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 year's financial statements: 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 Net operating income Interest expense Net income Ending Balance $ 59,000 $110,000 $ 84,700 $ 253,700 Beginning Balance $ 51,200 $ 76,200 $110,000 $ 237,400 $ 1,058,600 $ 114,000 $ 959,000 $ 99,000 $ 254,000 $ 184,000 $ 184,000 $ 228,600 $ 830,000 $ 705,000 $ 959,000 $ 1,058,600 This Year $ 1,310,000 $ 759,800 $ 550,200 $ 393,125 $ 18,500 $262,238 Foundational 14-15 (Algo) 15. What is the equity multiplier? (Round your answer to 2 decimal places.) Equity multiplier 1.28

Markus Company's 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 year's financial statements: 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 Net operating income Interest expense Net income Ending Balance $ 59,000 $110,000 $ 84,700 $ 253,700 Beginning Balance $ 51,200 $ 76,200 $110,000 $ 237,400 $ 1,058,600 $ 114,000 $ 959,000 $ 99,000 $ 254,000 $ 184,000 $ 184,000 $ 228,600 $ 830,000 $ 705,000 $ 959,000 $ 1,058,600 This Year $ 1,310,000 $ 759,800 $ 550,200 $ 393,125 $ 18,500 $262,238 Foundational 14-15 (Algo) 15. What is the equity multiplier? (Round your answer to 2 decimal places.) Equity multiplier 1.28

FINANCIAL ACCOUNTING
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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Markus Company's 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 year's financial statements: 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 Net operating income Interest expense Net income Ending Balance $ 59,000 $110,000 $ 84,700 $ 253,700 Beginning Balance $ 51,200 $ 76,200 $110,000 $ 237,400 $ 1,058,600 $ 114,000 $ 959,000 $ 99,000 $ 254,000 $ 184,000 $ 184,000 $ 228,600 $ 830,000 $ 705,000 $ 959,000 $ 1,058,600 This Year $ 1,310,000 $ 759,800 $ 550,200 $ 393,125 $ 18,500 $262,238 Foundational 14-15 (Algo) 15. What is the equity multiplier? (Round your answer to 2 decimal places.) Equity multiplier 1.28
Transcribed Image Text:Markus Company's 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 year's financial statements: 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 Net operating income Interest expense Net income Ending Balance $ 59,000 $110,000 $ 84,700 $ 253,700 Beginning Balance $ 51,200 $ 76,200 $110,000 $ 237,400 $ 1,058,600 $ 114,000 $ 959,000 $ 99,000 $ 254,000 $ 184,000 $ 184,000 $ 228,600 $ 830,000 $ 705,000 $ 959,000 $ 1,058,600 This Year $ 1,310,000 $ 759,800 $ 550,200 $ 393,125 $ 18,500 $262,238 Foundational 14-15 (Algo) 15. What is the equity multiplier? (Round your answer to 2 decimal places.) Equity multiplier 1.28
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