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Bramble Company Income Statements For the Years Ended December 31 2022 2021 Net sales $1,815,700 $1,749,500 Cost of goods sold 1.011,000 981,000 Gross profit
Bramble Company Income Statements For the Years Ended December 31 2022 2021 Net sales $1,815,700 $1,749,500 Cost of goods sold 1.011,000 981,000 Gross profit 804,700 768,500 Selling and administrative expenses 515,000 477,600 Income from operations 289,700 290,900 Other expenses and losses Interest expense 19,000 14,300 Income before income taxes 270.700 276,600 Income tax expense 80,521 76,700 Net income $ 190,179 $ 199,900 Bramble Company Balance Sheets December 31 2022 2021 Assets Current assets Cash $60.900 $63,800 Debt investments (short-term) 68.900 51,000 Accounts receivable (net) 116.700 102,300 Inventory 123.800 115.700 Total current assets 370.300 332,800 Plant assets (net) 600,600 517,800 Total assets $970.900 $850.6001 Liabilities and Stockholders' Equity Current liabilities Accounts payable $159,900 $144.200 Income taxes payable 44.000 42.600 Total current liabilities 203.900 186,800 Bonds payable 220,000 200,000 Total liabilities 423,900 386,800 Stockholders' equity Common stock ($5 par) 279,200 297,100 Retained earnings 267,800 Total liabilities and stockholders equity $970.900 $850.600 All sales were on credit. Net cash provided by operating activities for 2022 was $245,000. Capital expenditures were $131,000, and cash dividends paid were $89,079. Compute the following ratios for 2022. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, eg. 1.65 or 1.65:1, and all other answers to 1 decimal place, e.g. 6.8 or 6.8% Use 365 days for calculation.) (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets $ (d) Current ratio N (e) Accounts receivable turnover times (f) Average collection period days (g) Inventory turnover times (h) Days in inventory days (i) Times interest earned times (j) Asset turnover times 17 (k) Debt to assets ratio % (0) Free cash flow
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