Balance sheets

$2019202020212022$

Cash $35,00045,00065,000100,000$

Accounts receivable $12,00010,00016,00015,000$

Inventory $650500200350$

Total current assets $47,65055,50081,200115,350$

Fixed assets $65,00065,00070,00035,000$

Less: accumulated depreciation $(40,000)(47,500)(56,000)(58,500)$

Net fixed assets $25,00017,50014,000(23,500)$

Total assets $72,65073,00095,20091,850$

Accounts payable $2,2008001,0001,100$

Accrued expenses $650850950450$

Current portion of debt $1,2001,6001,5001,000$

Total current liabilities $4,0503,2503,4502,550$

Long$-$term debt $18,00016,00015,00014,500$

Total liabilities $22,05019,25018,45017,050$

Owners' equity $50,60053,75076,75074,800$

Total liabilities & owner's equity $72,65073,00095,20091,850$

Income statements

$2019202020212022$

Sales $450,000525,000538,000658,000$

Growth rate $17\%2\%22\%$

Cost of sales $275,000305,000316,000456,000$

Gross profit $175,000220,000222,000202,000$

Margin $39\%42\%41\%31\%$

Operating expenses

Owners' salaries $75,00085,000125,000150,000$

Payroll expenses $16,500149,00025,00024,500$

Office supplies $1,5001,6801,9002,400$

Miscellaneous $5003002006,500$

Total operating expenses $93,500235,980152,100183,400$

EBITDA $81,500(15,980)69,90018,600$

Margin $18\%-3\%13\%3\%$

Depreciation $(5,000)(7,500)(8,500)(2,500)$

EBIT $76,500(23,480)61,40016,100$

Margin $17\mathrm{.}0\%-4\mathrm{.}5\%11\mathrm{.}4\%2\mathrm{.}4\%$

Interest expense $(1,200)(1,000)(850)(750)$

Pretax earnings $75,300(24,480)60,55015,350$

Taxes $(15,813)-(12,716)(3,224)$

$21\%$

Net income $59,487(24,480)47,83512,127$

Margin $13\mathrm{.}2\%-4\mathrm{.}7\%8\mathrm{.}9\%1\mathrm{.}8\%$

$1.$

What was net capital spending in $2021$ and $2022?$

$2.$How long on average did it take the company to collect on accounts recceivable in $2022?$

$3.$What were Cash Flow From Assets in $2022?$

$4.$What was the Return on Assets in $2022?$