| Operating Cycle = | (Average Inventory/COGS*No of Days in period)+(Average receivable/sales*No of Days in period |
| = (57500/400000*365) + (55000/700000*365) | |
| = 81.14 |
| Asset Turnover ratio = Net sales / (Average total assets) | |
| = $ 700,000 / $ ({450,000+460,000}/2) | |
| = 1.53 |
| Interest earned ratio = EBIT / Total interest exp | |
| = $ 140,000/$ 8000 | |
| = 17.5 |
| Debt Equity Ratio = Total Liabilites / Shareholders equity | |
| = $ 130,000 / $ 440,000 | |
| = 0.29 |
| Equity Multiplier = Total Assets / Total Shareholders Equity | |
| = $450,000 /$ 320,000 | |
| = 1.02 |
Markus Company's common stock sold for $2.75 per share at the end of this year. The...
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 Beginning Balance Balance Cash $ 35,000 $ 30,000 Accounts receivable $ 60,000 $ 50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $ 450,000 $ 460,000 Current liabilities $ 60,000 $ 40,000 Total liabilities...
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 Beginning Balance Balance Cash $ 35,000 $ 30,000 Accounts receivable $ 60,000 $ 50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $ 450,000 $ 460,000 Current liabilities $ 60,000 $ 40,000 Total liabilities...
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 Beginning Balance Balance Cash $ 35,000 $ 30,000 Accounts receivable $ 60,000 $ 50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $ 450,000 $ 460,000 Current liabilities $ 60,000 $ 40,000 Total liabilities...
I need answers 1-15
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 Beginning Balance Balance Cash $ 35,000 $ 30,000 Accounts receivable $ 60,000 $ 50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $ 450,000 $ 460,000 Current liabilities $ 60,000...
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...
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...
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...
Markus Company’s common stock sold for $1.50 per share at the end of this year. The company paid a common stock dividend of $0.39 per share this year. It also provided the following data excerpts from this year’s financial statements: Ending Balance Beginning Balance Cash $ 24,500 $ 40,800 Accounts receivable $ 42,000 $ 38,800 Inventory $ 42,400 $ 42,000 Current assets $ 108,900 $ 121,600 Total assets $ 302,000 $ 242,800 Current liabilities $ 46,500 $ 31,500 Total liabilities...
Markus Company’s common stock sold for $4.00 per share at the end of this year. The company paid a common stock dividend of $0.80 per share this year. It also provided the following data excerpts from this year’s financial statements: Ending Balance Beginning Balance Cash $ 45,500 $ 39,200 Accounts receivable $ 82,000 $ 61,200 Inventory $ 67,600 $ 82,000 Current assets $ 195,100 $ 182,400 Total assets $ 648,000 $ 689,200 Current liabilities $ 72,500 $ 73,500 Total liabilities...
Markus Company’s common stock sold for $3.75 per share at the end of this year. The company paid a common stock dividend of $0.60 per share this year. It also provided the following data excerpts from this year’s financial statements: Ending Balance Beginning Balance Cash $ 41,000 $ 36,200 Accounts receivable $ 74,000 $ 58,700 Inventory $ 64,900 $ 74,000 Current assets $ 179,900 $ 168,900 Total assets $ 590,000 $ 624,000 Current liabilities $ 70,500 $ 63,000 Total liabilities...