Assets Cash Land Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bands payable, due 2025 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity Sales revenue Cost of goods sold Gross profit Operating expenses Net income 4 Additional information: 1. 2 3 5. SANDHILL COMPANY Income Statements For the Years Ended December 31 (al) December 31 LIQUIDITY Current ratio Your answer is partially correct. frwverstory turnover PROFITABILITY Profit margin 2022 $896.350 Asset turnover 646,400 Accounts receivables turnover Return on assets 249.950 196,169 Earnings per share $53,781 SAMFVERBRY JAN BUGEMINE 2021 $72,800 2022 2022 108,000 235.000 26,000 133,000 264,000 $172,880 51,000 40,000 252.000 208,000 147.920 $889.800 $783.200 572,000 211,200 $50,908 69,000 160,292 1.10 4.20 $889.800 $717.970 Inventory at the beginning of 2021 was $117,000. Accounts receivable (net) at the beginning of 2021 were $89,000. Total assets at the beginning of 2021 were $632.000. No common stock transactions occurred during 2021 or 2022 All sales were on account. 66 Compute the liquidity and profitability ratios of Sandhill Company for 2021 and 2022. (Round current ratio, asset turnover and earnings per share to 2 decimal places, eg 183 and all other answers to 1 decimal place, eg 18 or 18% % change is a decrease show the numbers as negative, eg.-1.83% or (1.83%) 2022 2021 % $68.970 40,000 89,000 times 169,000 91 29,000 133,000 189.000 $107.000 50.000 40,000 169,000 209,000 143,970 $717.970 1.45 11 times times TIES 2021 0000 0.96 2021 215 201 7.95 6.5 % 2.83 6.2 %6 times times 0.57/3 E times % Change

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