5 of 8 < 79 View Policies Current Attempt in Progress The financial statements of Blue Spruce Company appear below: BLUE SPRUCE COMPANY Comparative Balance Sheet December 31 Assets 2022 2021 Cash $25,400 $32,700 Debt investments 20,400 57,000 Accounts receivable (net) 54,900 23,500 Inventory 139,000 167,000 Property, plant and equipment (net) 159,000 193,000 Total assets $398,700 $473,200 Liabilities and stockholders' equity Accounts payable $25.900 $29,600 Short-term notes payable 34,400 98,600 Bonds payable 64,000 142.100 Common stock 174,400 121.300 Retained earnings 100,000 81.600 Total liabilities and stockholders' equity $398,700 $473,200 BLUE SPRUCE COMPANY Income Statement For the Year Ended December 31, 2022 Net sales (all on credit) Cost of goods sold Gross profit Expenses $402,000 194,000 208,000 Interest expense $11,600 Selling expenses 32,000 Administrative expenses 19,000 Total expenses 62,600 Income before income 145,400 taxes -/20 Question 5 of 8 < > Expenses Interest expense $11.600 Selling expenses 32,000 Administrative expenses 19,000 Total expenses 62,600 Income before income 145,400 taxes Income tax expense Net Income 36.000 $109,400 Additional information: Cash dividends of $55,100 were declared and paid on common stock in 2022. Weighted-average number of shares of common stock outstanding during 2022 was 55,100 shares. a b. c Market price of common stock on December 31, 2022, was $12 per share. d Net cash provided by operating activities for 2022 was $79,100. -/20 Using the financial statements and additional information, compute the following ratios for the Blue Spruce Company for 2022 (Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.) 1 Current ratio 2. Return on common stockholders' equity :1 % 3. Price-earnings ratio 4. Inventory turnover. times times 5. Accounts receivable turnover 6. Times Interest earned times times 7. Profit margin % 8. Average days in inventory days 9. Payout ratio % 10. Return on assets % Save for Later Attempts: 0 of 1 used Submit