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What is the amount of working capital and the current ratio at the end of this year? What is the acid - test ratio at the end of this year? What is the accounts receivable turnover and the average collection period? What is the inventory turnover and the average sale period? What is the company's operating cycle? What is the total asset turnover? What is the times interest earned ratio? What is the debt-to-equity ratio at the end of this year? ف Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance 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 This Year $700,000 $400,000 $300,000 $140,000 $ 8,000 $ 92,400 $ 35,000 $ 30,000 $ 60,000 $ 50,000 $ 55,000 $ 60,000 $150,000 $ 140,000 $450,000 $ 60,000 $130,000 $120,000 $460,000 $ 40,000 $ 120,000 $120,000 $ 320,000 $ 340,000 $450,000 $ 460,000

What is the amount of working capital and the current ratio at the end of this year? What is the acid - test ratio at the end of this year? What is the accounts receivable turnover and the average collection period? What is the inventory turnover and the average sale period? What is the company's operating cycle? What is the total asset turnover? What is the times interest earned ratio? What is the debt-to-equity ratio at the end of this year? ف Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance 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 This Year $700,000 $400,000 $300,000 $140,000 $ 8,000 $ 92,400 $ 35,000 $ 30,000 $ 60,000 $ 50,000 $ 55,000 $ 60,000 $150,000 $ 140,000 $450,000 $ 60,000 $130,000 $120,000 $460,000 $ 40,000 $ 120,000 $120,000 $ 320,000 $ 340,000 $450,000 $ 460,000

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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What is the amount of working capital and the current ratio at the end of this year? What is the acid - test ratio at the end of this year? What is the accounts receivable turnover and the average collection period? What is the inventory turnover and the average sale period? What is the company's operating cycle? What is the total asset turnover? What is the times interest earned ratio? What is the debt-to-equity ratio at the end of this year? Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance 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 This Year $700,000 $400,000 $300,000 $140,000 $ 8,000 $ 92,400 $ 35,000 $ 30,000 $ 60,000 $ 50,000 $ 55,000 $ 60,000 $150,000 $450,000 $ 60,000 $130,000 $120,000 $ 140,000 $460,000 $ 40,000 $ 120,000 $120,000 $ 320,000 $ 340,000 $450,000 $ 460,000
Transcribed Image Text:What is the amount of working capital and the current ratio at the end of this year? What is the acid - test ratio at the end of this year? What is the accounts receivable turnover and the average collection period? What is the inventory turnover and the average sale period? What is the company's operating cycle? What is the total asset turnover? What is the times interest earned ratio? What is the debt-to-equity ratio at the end of this year? Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance 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 This Year $700,000 $400,000 $300,000 $140,000 $ 8,000 $ 92,400 $ 35,000 $ 30,000 $ 60,000 $ 50,000 $ 55,000 $ 60,000 $150,000 $450,000 $ 60,000 $130,000 $120,000 $ 140,000 $460,000 $ 40,000 $ 120,000 $120,000 $ 320,000 $ 340,000 $450,000 $ 460,000
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