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[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

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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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: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
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
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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