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Required information [The following information applies to the questions displayed below.) Markus Company's common stock sold for $5.75 per share at the end of this year. The company paid a common stock dividend of $0.69 per share this year. It also provided the following data excerpts from this year's financial statements: Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income Ending Balance: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity $868,000 This Year $1,160,000 $ 672,800 $ 487,200 $352,750. $ 17,000 $ 235,025 Beginning Balance $ 51,000 $ 46,000 $ 98,000 $ 70,000 $ 77,800 $ 98,000 $226,800 $ 214,000 $868,000 $956,200 $90,000 $ 96,000 $218,000 $196,200 $ 172,000 $ 172,000 $650,000 $760,000 $956,200

Required information [The following information applies to the questions displayed below.) Markus Company's common stock sold for $5.75 per share at the end of this year. The company paid a common stock dividend of $0.69 per share this year. It also provided the following data excerpts from this year's financial statements: Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income Ending Balance: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity $868,000 This Year $1,160,000 $ 672,800 $ 487,200 $352,750. $ 17,000 $ 235,025 Beginning Balance $ 51,000 $ 46,000 $ 98,000 $ 70,000 $ 77,800 $ 98,000 $226,800 $ 214,000 $868,000 $956,200 $90,000 $ 96,000 $218,000 $196,200 $ 172,000 $ 172,000 $650,000 $760,000 $956,200

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.13AMCP
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15 Required information [The following information applies to the questions displayed below.) Markus Company's common stock sold for $5.75 per share at the end of this year. The company paid a common stock dividend of $0.69 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance $ 51,000 $ 98,000 $70,000 $ 77,800 $ 98,000 $226,800 $ 214,000 $868,000 $956,200 $ 90,000 $ 96,000 $218,000 $ 196,200 $ 172,000 $ 172,000 $650,000 $760,000 Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity $868,000 $956,200 Cash Accounts receivable. Inventory Current assets Total assets Current liabilities Total liabilities Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $1,160,000 $ 672,800 $ 487,200 $ 352,750 $ 17,000 $ 235,025 Beginning Balance $ 46,000
Transcribed Image Text:15 Required information [The following information applies to the questions displayed below.) Markus Company's common stock sold for $5.75 per share at the end of this year. The company paid a common stock dividend of $0.69 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance $ 51,000 $ 98,000 $70,000 $ 77,800 $ 98,000 $226,800 $ 214,000 $868,000 $956,200 $ 90,000 $ 96,000 $218,000 $ 196,200 $ 172,000 $ 172,000 $650,000 $760,000 Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity $868,000 $956,200 Cash Accounts receivable. Inventory Current assets Total assets Current liabilities Total liabilities Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $1,160,000 $ 672,800 $ 487,200 $ 352,750 $ 17,000 $ 235,025 Beginning Balance $ 46,000
4. What is the return on total assets (assuming a 30% tax rate) ? (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Return on total assets %
Transcribed Image Text:4. What is the return on total assets (assuming a 30% tax rate) ? (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Return on total assets %
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