Markus Company’s common stock sold for $5.25 per share at the end of this year. The company paid preferred stock dividends totaling $4,400 and a common stock dividend of $1.24 per share this year. It also provided the following data excerpts from this year’s financial statements: |
Ending Balance | Beginning Balance | |||
Cash | $ | 49,000 | $ | 44,200 |
Accounts receivable | $ | 92,000 | $ | 68,700 |
Inventory | $ | 76,300 | $ | 92,000 |
Current assets | $ | 217,300 | $ | 204,900 |
Total assets | $ | 801,000 | $ | 875,400 |
Current liabilities | $ | 85,500 | $ | 90,000 |
Total liabilities | $ | 206,000 | $ | 185,400 |
Preferred stock | $ | 51,000 | $ | 51,000 |
Common stock, $1 par value | $ | 114,000 | $ | 114,000 |
Total stockholders’ equity | $ | 595,000 | $ | 690,000 |
Total liabilities and stockholders’ equity | $ | 801,000 | $ | 875,400 |
This Year | ||
Sales (all on account) | $ | 1,095,000 |
Cost of goods sold | $ | 635,100 |
Gross margin | $ | 459,900 |
Net operating income | $ | 313,875 |
Interest expense | $ | 15,500 |
Net income | $ | 186,800 |
Required: |
What is the return on total assets (assuming a 30% tax rate) |
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Markus Company’s common stock sold for $3.25 per share at the end of this year. The company paid a common stock dividend of $0.65 per share this year. It also provided the following data excerpts from this year’s financial statements: Ending Balance Beginning Balance Cash $ 39,000 $ 35,200 Accounts receivable $ 72,000 $ 56,200 Inventory $ 61,900 $ 72,000 Current assets $ 172,900 $ 163,400 Total assets $ 531,000 $ 550,400 Current liabilities $ 69,000 $ 60,000 Total liabilities...
Markus Company’s common stock sold for $3.25 per share at the end of this year. The company paid a common stock dividend of $0.65 per share this year. It also provided the following data excerpts from this year’s financial statements: Ending Balance Beginning Balance Cash $ 39,000 $ 35,200 Accounts receivable $ 72,000 $ 56,200 Inventory $ 61,900 $ 72,000 Current assets $ 172,900 $ 163,400 Total assets $ 531,000 $ 550,400 Current liabilities $ 69,000 $ 60,000 Total liabilities...
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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: Ending Balance Beginning Balance Cash $ 41,000 $ 36,200 Accounts receivable $ 74,000 $ 58,700 Inventory $ 64,900 $ 74,000 Current assets $ 179,900 $ 168,900 Total assets $ 590,000 $ 624,000 Current liabilities $ 70,500 $ 63,000 Total liabilities...
Help pleaseeee! Also the second question asks, "What is the
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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...
Requirement 1h. Compute the earnings per share of common stock for 2018 and 2017. Begin by selecting the formula to compute the earnings per share of common stock. Earnings per share = (Net income - Preferred dividends) / Weighted average number of common shares outstanding Now, compute the earnings per share for 2018 and 2017. (Round your answers to the nearest cent, $X.XX.) 2018: 2017: Banfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 2016* Assets Current...
Required information The Foundational 15 (LO14-2, L014-3, L014-4, LO14-5, LO14-6) (The following information applies to the questions displayed below.) 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 data excerpts from this year's financial statements: Ending Beginning Balance Balance Cash $ 35,000 $ 30,000 Accounts receivable $ 60,000 $ 50,000 Inventory $ 55,000 $ 60,000 Current...
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 data excerpts from this year's financial statements: Ending Beginning Balance Balance Cash $ 35,000 $ 30,000 Accounts receivable $ 60,000 $ 50,000 Inventory $ 55,000 $ 60,000 Current assets $ 150,000 $ 140,000 Total assets $ 450,000 $ 460,000 Current liabilities $ 60,000 $ 40,000 Total liabilities...
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