8/16/2021 NWP Assessment Player Ul Application Homework Chapter 13 Graded 1 of 3 -/33 View Policies Current Attempt in Progress The comparative statements of Sandhill Co. are presented here. SANDHILL CO. Income Statements For the Years Ended December 31 2022 2021 Net sales $2,252,400 $2,100,000 Cost of goods sold 1,247,000 1,227,320 Gross profit 1,005,400 872,680 Selling and administrative expenses 610.000 584,380 Income from operations 395.400 288,300 Other expenses and losses Interest expense 26,840 24.400 Income before income taxes 368,560 263,900 Income tax expense 110,568 79,170 Net income $ 257.992 $ 184,730 SANDHILL CO. Balance Sheets December 31 Assets 2022 2021 Current assets https://education.wiley.com/wasuin 2/assessment-playerindex.html?launchid=48131754-88 ad-44ed-a1b9-a 4c1c444c1bct#/question/ 1/3 8/16/2021 NWP Assessment Player Ul Application Homework Chapter 13 Graded 1 of 3 -/33 MIT Inventory 153,720 140,910 Total current assets 461,038 405,650 Plant assets (net) 791.780 634.766 Total assets $1,252,818 $1,040,416 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 195,200 $177,388 Income taxes payable 53,070 51.240 Total current liabilities 248,270 228.628 Bonds payable 268,400 244,000 Total liabilities 516,670 472,628 Stockholders' equity Common stock ($5 par) 353,800 366,000 Retained earnings 382.348 201,788 Total stockholders' equity 736,148 567.788 Total liabilities and stockholders' equity $1.252.818 $1,040,416 All sales were on account. Net cash provided by operating activities for 2022 was $268,400. Capital expenditures were $165,920, and cash dividends were $77,432. Compute the following ratios for 2022. (Round all answers to 2 decimal places, eg. 1.83 or 1.83%) (a) Earnings per share $ https://education.wiley.comAvas/ui/assessment-playerindex.html?launchid=48131754-88 ad-44ed-a1b9-a4c1c444c1bd#question/0 2/3 8/16/2021 NWP Assessment Player Ul Application Homework Chapter 13 Graded 1 of 3 -/33 E (d) Current ratio :1 (e) Accounts receivable turnover times (f) Average collection period days Inventory turnover times (h) Days in inventory days (i) Times interest earned times (0) Asset turnover times (k) Debt to assets ratio % Free cash flow $ e Textbook and Media Save for Later Attempts: 0 of 6 used Submit Answer https://education.wiley.comAvas/ui/assessment-playerindex.html?launchid=48131754-88 ad-44ed-a1b9-a4c1c444c1bd#question/0 3/3