please help with the numbers in the problem ...

50.1K

Verified Solution

Question

Accounting

please help with the numbers in the problem
image
image
image
the roundauonat 15 (MINO) LU14-2, LU 14-3, LU 14-4, LU 14-5, LU14-OJ [The following information applies to the questions displayed below.) Markus Company's 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 year's financial statements: 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 Ending Balance $ 45,500 $ 82,000 $ 67,600 $ 195,100 $ 68,000 $ 72,500 $ 188,000 9 145,000 $ 460,000 $ 648,000 Beginning Balance $ 39,200 $ 61,200 $ 82,000 $ 182,400 $ 689, 200 $ 73,500 $ 169,200 $ 145,000 $ 520,000 $ 689,200 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 900,000 $ 522,000 $ 378,000 $ 220,000 $ 12,000 $ 151,200 Foundational 14-13 (Algo) 13. What is the times interest earned ratio? (Round your answer to 2 decimal place.) Times interest earned ratio Foundational 14-14 (Algo) 14. What is the debt-to-equity ratio at the end of this year? (Round your answer to 2 decimal places.) Debt-to-equity ratio 15. What is the equity multiplier? (Round your answer to 2 decimal places.) Equity multiple

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students