[The following information applies to the questions displayed below.] Markus Company's common stock sold for $5.75 per share at the end of this year. The company paid a common stock dividend of $0.69 per share this year. It also provided the following data excerpts from this year's financial statements: Beginning Balance $ 51,000 $46,000 $ 98,000 $70,000 $ 77,800 $ 98,000 $226,800 $ 214,000 $868,000 $956,200 $90,000 $ 96,000 $ 218,000 $196,200 $ 172,000 $172,000 $ 650,000 $760,000 Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity $868,000 $956,200 Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income. This Year $1,160,000 $672,800. $ 487,200 $352,750 $ 17,000 $ 235,025 Ending Balance
[The following information applies to the questions displayed below.] Markus Company's common stock sold for $5.75 per share at the end of this year. The company paid a common stock dividend of $0.69 per share this year. It also provided the following data excerpts from this year's financial statements: Beginning Balance $ 51,000 $46,000 $ 98,000 $70,000 $ 77,800 $ 98,000 $226,800 $ 214,000 $868,000 $956,200 $90,000 $ 96,000 $ 218,000 $196,200 $ 172,000 $172,000 $ 650,000 $760,000 Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity $868,000 $956,200 Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income. This Year $1,160,000 $672,800. $ 487,200 $352,750 $ 17,000 $ 235,025 Ending Balance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Required information
[The following information applies to the questions displayed below.]
Markus Company's common stock sold for $5.75 per share at the end of this year. The company paid a common stock
dividend of $0.69 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
Sales (all on account)
Cost of goods sold
Gross margin
Net operating income
Interest expense
Net income
This Year
$1,160,000
$ 672,800
$ 487,200
$352,750
Ending
Balance
Common stock, $1 par value
Total stockholders' equity
Total liabilities and stockholders' equity $868,000 $956,200
$ 17,000
$ 235,025
Beginning
Balance
$ 51,000 $ 46,000
$ 98,000 $ 70,000
$ 77,800 $ 98,000
$226,800 $ 214,000
$868,000 $956,200
$90,000 $ 96,000
$218,000 $ 196,200
$ 172,000 $172,000
$ 650,000 $760,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F659fb910-117f-4c33-a9e0-29d3ad7fdc50%2Fb919f9ad-a634-4397-9e59-43663bf0d5a9%2F42b1gbh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
Markus Company's common stock sold for $5.75 per share at the end of this year. The company paid a common stock
dividend of $0.69 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
Sales (all on account)
Cost of goods sold
Gross margin
Net operating income
Interest expense
Net income
This Year
$1,160,000
$ 672,800
$ 487,200
$352,750
Ending
Balance
Common stock, $1 par value
Total stockholders' equity
Total liabilities and stockholders' equity $868,000 $956,200
$ 17,000
$ 235,025
Beginning
Balance
$ 51,000 $ 46,000
$ 98,000 $ 70,000
$ 77,800 $ 98,000
$226,800 $ 214,000
$868,000 $956,200
$90,000 $ 96,000
$218,000 $ 196,200
$ 172,000 $172,000
$ 650,000 $760,000
Transcribed Image Text:14. What is the debt-to-equity ratio at the end of this year? (Round your answer to 2 decimal places.)
Debt-to-equity ratio
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