Ending Balance Beginning Balance $30,000 $50,000 $60,000 Cash $35,000 $60,000 $55,000 $150,000 $450,000 Accounts recelvable Inventory ..... Current assets $140,000 $460,000 Total assets Current labilities... Total Nabilities Common stock, $1 par value Total stockholders' equity Total ilabilities and stockholders' equity $60,000 $130,000 $120,000 $320.000 $450,000 $40,000 $120,000 $120,000 $340.000 .. $460,000 This Year Sales (ali on account). Cost of goods sold.. Gross margin ...... Net operating income. Interest expense $700,000 $400,000 $300,000 $140,000 $8,000 $92,400 Net income..

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 6PB: Single-step income Statement and balance sheet Selected accounts and related amounts for Kanpur Co....
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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 from this year’s financial statements:data excerpts 

Required:

1. What is the earnings per share?

2. What is the price-earnings ratio?

3. What is the dividend payout ratio and the dividend yield ratio?

4. What is the return on total assets (assuming a 30% tax rate)?

5. What is the return on equity?

6. What is the book value per share at the end of this year?

7. What is the amount of working capital and the current ratio at the end of this year?

8. What is the acid-test ratio at the end of this year?

9. What is the accounts receivable turnover and the average collection period?

10. What is the inventory turnover and the average sale period?

11. What is the company’s operating cycle?

12. What is the total asset turnover?

13. What is the times interest earned ratio?

14. What is the debt-to-equity ratio at the end of this year?

15. What is the equity multiplier?

Ending Balance Beginning Balance
$30,000
$50,000
$60,000
Cash
$35,000
$60,000
$55,000
$150,000
$450,000
Accounts recelvable
Inventory .....
Current assets
$140,000
$460,000
Total assets
Current labilities...
Total Nabilities
Common stock, $1 par value
Total stockholders' equity
Total ilabilities and stockholders' equity
$60,000
$130,000
$120,000
$320.000
$450,000
$40,000
$120,000
$120,000
$340.000
..
$460,000
This Year
Sales (ali on account).
Cost of goods sold..
Gross margin ......
Net operating income.
Interest expense
$700,000
$400,000
$300,000
$140,000
$8,000
$92,400
Net income..
Transcribed Image Text:Ending Balance Beginning Balance $30,000 $50,000 $60,000 Cash $35,000 $60,000 $55,000 $150,000 $450,000 Accounts recelvable Inventory ..... Current assets $140,000 $460,000 Total assets Current labilities... Total Nabilities Common stock, $1 par value Total stockholders' equity Total ilabilities and stockholders' equity $60,000 $130,000 $120,000 $320.000 $450,000 $40,000 $120,000 $120,000 $340.000 .. $460,000 This Year Sales (ali on account). Cost of goods sold.. Gross margin ...... Net operating income. Interest expense $700,000 $400,000 $300,000 $140,000 $8,000 $92,400 Net income..
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