Markus Companys common stock sold for $4.25 per share at the end of this year....
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Accounting
Markus Companys common stock sold for $4.25 per share at the end of this year. The company paid a common stock dividend of $0.68 per share this year. It also provided the following data excerpts from this years financial statements:
Ending Balance
Beginning Balance
Cash
$
43,000
$
38,000
Accounts receivable
$
80,000
$
60,000
Inventory
$
66,400
$
80,000
Current assets
$
189,400
$
178,000
Total assets
$
663,000
$
710,200
Current liabilities
$
75,000
$
69,000
Total liabilities
$
178,000
$
160,200
Common stock, $1 par value
$
146,000
$
146,000
Total stockholders equity
$
485,000
$
550,000
Total liabilities and stockholders equity
$
663,000
$
710,200
This Year
Sales (all on account)
$
930,000
Cost of goods sold
$
539,400
Gross margin
$
390,600
Net operating income
$
240,625
Interest expense
$
12,500
Net income
$
159,688
1. What is the earnings per share?
2. What is the price-earnings ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
3. What is the dividend payout ratio and the dividend yield ratio? (Do not round intermediate calculations. Round your answer to the nearest whole percentage place. i.e., 0.1234 should be considered as 12%.)
4. What is the return on total assets (assuming a 30% tax rate)? (Round percentage answer to 1 decimal place. i.e., 0.123 should be considered as 12.3%)
5. What is the return on equity? (Round your answer to the nearest whole percentage place. i.e., 0.1234 should be considered as 12%.)
6. What is the book value per share at the end of this year? (Round your answer to 2 decimal places.)
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