akaki Inc. reported net income of $53,000 for 20Y7. The liability and equity accounts from the company’s comparative balance sheet are as follows:   Dec. 31, 20Y7 Dec. 31, 20Y6 Accounts payable   $31,900     $28,400   Dividends payable

WD Corporation reports the following year-end balance sheet data. The company's debt-to-equity ratio equals:   Cash $ 42,000 Current liabilities $ 77,000 Accounts receivable 57,000 Long-term liabilities 28,000 Inventory 62,000 Common stock 102,000 Equipment 147,000 Retained earnings 101,000 Total assets $ 308,000 Total liabilities and equity $ 308,000

Markus Company’s common stock sold for $4.75 per share at the end of this year. The company paid preferred stock dividends totaling $4,400 and a common stock dividend of $1.09 per share this year. It also provided the following data excerpts from this year’s financial statements:         Ending   Balance    Beginning     Balance       Cash $ 44,000     $ 43,200         Accounts receivable $ 92,000     $ 66,200         Inventory $ 73,300     $ 92,000         Current assets $ 209,300     $ 201,400         Total assets $ 750,000     $ 809,000         Current liabilities $ 84,000     $ 87,000         Total liabilities $ 210,000     $ 189,000         Preferred stock $ 50,000     $ 50,000         Common stock, $1 par value $ 108,000     $ 108,000         Total stockholders’ equity $ 540,000     $ 620,000         Total liabilities and stockholders’ equity $ 750,000     $ 809,000                 This Year     Sales (all on account) $ 1,080,000…

Markus Company’s common stock sold for $4.50 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:          EndingBalance BeginningBalance Cash $ 40,000 $ 40,200 Accounts receivable $ 84,000 $ 63,700 Inventory $ 70,600 $ 84,000 Current assets $ 194,600 $ 187,900 Total assets $ 699,000 $ 755,600 Current liabilities $ 78,000 $ 76,500 Total liabilities $ 184,000 $ 165,600 Common stock, $1 par value $ 152,000 $ 152,000 Total stockholders’ equity $ 515,000 $ 590,000 Total liabilities and stockholders’ equity $ 699,000 $ 755,600           This Year Sales (all on account) $ 980,000 Cost of goods sold $ 568,400 Gross margin $ 411,600 Net operating income $ 263,250 Interest expense $ 13,500 Net income $ 174,825   Questions: 11) What is the company’s operating cycle? (Round your intermediate and final answers to 2…