Question: Can someone please answer these ASAP? I already asked this question once but the answers were wrong. Please make sure they are right before submitting



Required information (The following information applies to the questions displayed below.) 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: Ending Beginning Balance Balance 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 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 980,000 $ 568,400 $ 411,600 $ 263,250 $ 13,500 $ 174,825 4. What is the return on total assets (assuming a 30% tax rate)? (Round percentage answer to 1 decimal place. i.e., 0.123 should be considered as 12.3%) Return on total assets % 11. What is the company's operating cycle? (Round your intermediate and final answers to 2 decimal places.) Operating cycle days 15. What is the equity multiplier? (Round your answer to 2 decimal places.) Equity multiplier
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
