Chapter #16 - Homework i Saved Help Save & Exit Subm 8 Check my work ! Required information Part 8 of 14 [The following information applies to the questions displayed below.] Markus Company's common stock sold for $3.75 per share at the end of this year. The company paid a common stock 0.35 dividend of $0.60 per share this year. It also provided the following data excerpts from this year's financial statements: points Ending Balance Beginning Balance Cash $ 41, 000 $ 36, 200 eBook Accounts receivable $ 74 , 000 $ 58, 700 Inventory $ 64 , 900 $ 74 , 000 Print Current assets $ 179 , 900 168 , 900 Total assets $ 590, 000 624, 000 References rent liabilities $ 70, 500 $ 63, 000 Total liabilities $ 160, 000 $ 144 , 000 Common stock, $1 par value $ 139, 000 $ 139, 000 Total stockholders' equity $ 430, 000 $ 480, 000 Total liabilities and stockholders' equity $ 590 , 000 $ 624, 000 This Year les (all on account) $ 865, 000 Cost of goods sold 501, 700 Gross margin 363, 300 Net operating income $ 206, 250 Interest expense $ 11 , 000 Net income $ 136, 675 8. What is the acid-test ratio at the end of this year? (Round your answer to 2 decimal places.) Acid-test ratio Mc 8 9 10 ... 14 of 14 Graw HillChapter #16 - Homework i Saved Help Save & Exit Check my 9 Required information [The following information applies to the questions displayed below.] Part 9 of 14 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: Beginning 0.35 Ending Balance Balance points Cash $ 41, 000 $ 36, 200 Accounts receivable 74 , 000 58, 700 Inventory $ 64, 900 $ 74, 000 Current assets eBook $ 179 , 900 $ 168, 900 Total assets $ 590, 000 $ 624, 000 Current liabilities $ 70, 500 $ 63, 000 Print Total liabilities $ 160, 000 $ 144, 000 References Common stock, $1 par value $ 139, 000 $ 139, 000 Total stockholders' equity $ 430, 000 $ 480, 000 Total liabilities and stockholders' equity $ 590 , 000 S 624, 000 This Year Sales (all on account) $ 865, 000 Cost of goods sold 501 , 700 Gross margin 363, 300 Net operating income 206, 250 Interest expense 1, 000 Net income $ 136, 675 9. What is the accounts receivable turnover and the average collection period? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.) Accounts receivable turnover Average collection period days Mc Graw HillChapter #16 - Homework i Saved Help Save & Exit Su 10 requireu InHIUrInduUNI Check my w [The following information applies to the questions displayed below.] Markus Company's common stock sold for $3.75 per share at the end of this year. The company paid a common stock Part 10 of 14 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 0.35 $ 41 , 000 $ 36, 200 Accounts receivable $ 74, 000 $ 58, 700 points Inventory $ 64 , 900 $ 74, 000 Current assets $ 179, 900 168, 900 Total assets $ 590 , 000 624, 000 eBook Current liabilities $ 70,5 $ 63,000 Total liabilities $ 160, 000 $ 144, 000 Common stock, $1 par value $ 139, 000 139 , 000 Print Total stockholders' equity $ 430, 000 480, 000 References Total liabilities and stockholders' equity $ 590, 000 $ 624, 000 This Year Sales (all on account) $ 865, 000 Cost of goods sold $ 501, 700 Gross margin $ 363, 300 Net operating income $ 206, 250 Interest expense $ 11, 000 Net income $ 136, 675 10. What is the inventory turnover and the average sale period? (Use 365 days in a year. Round your intermediate and final answers to 2 decimal places.) nventory turnover Average sale period days C of 14 Mc 10 11 12 14 Next > GrawChapter #16 - Homework i Saved Help Save & Exit Sub 12 Check my wo Required information [The following information applies to the questions displayed below.] Part 12 of 14 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: 0.35 Beginning points Ending Balance Balance Cash $ 41, 000 $ 36, 200 Accounts receivable 58 , 700 eBook Inventory $ 64,900 $ 74, 00 Current assets $ 179 , 900 $ 168, 900 Total assets Print $ 590, 000 $ 624, 000 Current liabilities $ 70, 500 $ 63, 000 References Total liabilities $ 160, 000 $ 144, 000 Common stock, $1 par value $ 139, 000 139 , 000 Total stockholders' equity $ 430, 000 $ 480, 000 Total liabilities and stockholders' equity 590 , 000 $ 624, 000 This Year Sales (all on account ) $ 865, 000 Cost of goods sold 501 , 700 Gross margin $ 363, 300 Net operating income $ 206, 250 Interest expense $ 11 , 000 Net income $ 136, 675 12. What is the total asset turnover? (Round your answer to 2 decimal places.) Total asset turnover Mc Graw Hil9 following information applies to the questions displayed below] .arkus Cbmbany's common stock sold for $3.75 per share at the end of this year. 7he dwidend of $0.60 per share this year. It also provided the following data excerpts from this y a \"Cash $ 41,000 , \"Accounts receivable $ 74,000' S 53,700 ' Inventory 5 64,900 $ 74,000 Current assets $ 179,900 ' $ 168,900 Total assets $ 590,000 5 624,000 Current liabilities $ 70,500 $ 63,000 Total liabilities $ 160,000 $ 144,000 Common stock, $1 par value $ 139,000 $ 139,000 Total stockholders' equity $ 430,000 S 480,000 Total liabilities and stockholders' equity $ 590,000 $ 624,000 , 7 This Zest: Sales (all on account) $ 865,000 Cost of goods sold 5 501,700 Gross margin 5 363,300 Net operating income 5 206,250 Interest expense 5 11,000 Net income 5 136,675 ' 13. What is the times interest earned ratio? (Round your answer to 2 decimal place.)