Question: IThe following information applies to the questions displayed below) Markus Company's common stock sold for $6.00 per share end of year. The comp pard a
IThe following information applies to the questions displayed below) Markus Company's common stock sold for $6.00 per share end of year. The comp pard a common stock dividend of $0.96 per share this year. It also provided the following this year's data excerpts from statements: Ending Beginning Balance Balance Cash 54.000 48.200 Accounts receivable 102,000 73,700 Inventory 82,000 102,000 Current assets 238,000 223 900 Total assets 900.000 998.000 Current Ilabllltles 93,000 103,500 Total abilities 220.000 198.000 Common stock, $1 par value 178,000 178,000 Total stockholders' equity 680.000 800.000 Total llabllitles and stockholders' equity $900,000 998,000 This Year 1,210,000 Sales (all on account Cost of goods sold 701,800 508.200 Gross margin 378,000 Net operating Income Interest expense 18,000 124,600 Net income
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
