Question

Markus Company's common stock sold for $3.50 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements Ending Beginning Balance Balance $ 35,000 $ 34,000 $ 70,000 55,000 $60,700 $ 70,000 $ 165,700 159,000 557000 $586,800 $ 67,500 $ 55,500 152,000 $ 136,800 $ 133,000 $ 133,000 $405,000 $450,000 Total liabilities and stockholders' equity $ 557,000 $586,800 Cash Accounts receivable Inventory Current assets lotal assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity This Year Sales (all on account) 825,000 478,500 346,500 Net operating income $ 194,250 $ 10,500 $ 128,625 Cost of goods sold Gross margin Interest expense Net income

Answer 1

Answer:

Summary:

Return on equity	30.09%
Book Value per Share	$ 3.05 per Share
Working Capital	$98,200
Current Ratio	2.45 times
Acid-test Ratio	1.56 times
Accounts receivable Turnover	13.20 times
Average Collection period	27.65 Days