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

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 9BE
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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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