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Markus Companys common stock sold for $4.00 per share at the end of this year....

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Accounting

Markus Companys common stock sold for $4.00 per share at the end of this year. The company paid a common stock dividend of $0.80 per share this year. It also provided the following data excerpts from this years financial statements:

Ending Balance Beginning Balance
Cash $ 45,500 $ 39,200
Accounts receivable $ 82,000 $ 61,200
Inventory $ 67,600 $ 82,000
Current assets $ 195,100 $ 182,400
Total assets $ 648,000 $ 689,200
Current liabilities $ 72,500 $ 73,500
Total liabilities $ 188,000 $ 169,200
Common stock, $1 par value $ 145,000 $ 145,000
Total stockholders equity $ 460,000 $ 520,000
Total liabilities and stockholders equity $ 648,000 $ 689,200

This Year
Sales (all on account) $ 900,000
Cost of goods sold $ 522,000
Gross margin $ 378,000
Net operating income $ 228,000
Interest expense $ 12,000
Net income $ 151,200

11. What is the companys operating cycle?

Operating cycle days

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