Help with Knitting in the Round

I am knitting in the round, and my pattern reads:
K around in stockinette stitch, but YO one stitch before and one stitch after every marker (8 increases total).
Does this mean I would YO, K1, pass marker, K1, YO, knit to next marker?

Right! So you would yarn over, knit 1, pass marker, knit 1, yarn over.