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5 of 5 View Policies Current Attempt in Progress The comparative statements of Ivanhoe Company are presented here. Ivanhoe Company Income Statements For the Years
5 of 5 View Policies Current Attempt in Progress The comparative statements of Ivanhoe Company are presented here. Ivanhoe Company Income Statements For the Years Ended December 31 2025 2024 Net sales $2,030,400 $1,890,000 Cost of goods sold 1,127,000 1,106,600 Gross profit 903,400 783,400 Selling and administrative expenses 550,000 526,900 Income from operations 353,400 256,500 Other expenses and losses Interest expense 24,200 22,000 Income before income taxes 329,200 234,500 Income tax expense 98,760 70,350 Net income $230,440 $164,150 Ivanhoe Company Balance Sheets December 31 2025 2024 Assets Current assets Cash $66,110 $70,620 Debt investments (short-term) 81,400 55,000 Accounts receivable (net) 129,580 113,080 Inventory 138,600 127,050 Total current assets 415,690 365,750 Plant assets (net) 713,900 572,330 Total assets $1,129,590 $938,080 Liabilities and Stockholders' Equity Current liabilities Accounts payable $176,000 $159,940 Income taxes payable 47,850 46,200 Total current liabilities 223,850 206,140 Bonds payable 242,000 220,000 Total liabilities 465,850 426,140 Stockholders' equity Common stock ($5 par) 319,000 330,000 Retained earnings 344,740 181,940 Total stockholders' equity 663,740 511,940 Total liabilities and stockholders' equity $1,129,590 $938,080 All sales were on credit. Net cash provided by operating activities for 2025 was $242,000. Capital expenditures were $149,600, and cash dividends paid were $67,640. Compute the following ratios for 2025. (Round Debt to asset ratio and Free cash flow to O decimal places, e.g. 15 or 15%, Earnings per share, Return on assets, Current ratio and Asset turnover to 2 decimal places, e.g. 1.83 or 1.83% and all other answers to 1 decimal place, e.g. 1.8 or 1.8%. Use 365 days for calculations.) a. Earnings per share b. Return on common stockholders' equity C. Return on assets d. Current ratio e. Accounts receivable turnover f. Average collection period g. Inventory turnover h. Days in inventory i. Times interest earned j. Asset turnover k. Debt to assets ratio I. Free cash flow SA % % :1 times days times days times times %
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