carla vista co.

Balance sheets 31

Current Assets 2022 2021

cash and cash equivalent $ 330 $ 360

Accounts receivable ( net) 600 530

Inventory 470 400

Prepaid expenses 120 160

Total current assets 1520 1,450

Investments 140 140

Property plant and equipment 420 380

Intangible and other assets 530 510

total assets 2,610 2,480

Current LIABILITIES $ 1,030 $ 920

LONG -TERM liabilities 420 390

Stockholders'equity-common 1,160 1,170

Total liabilities and stockholders'equity 2,610 2,480

CARLAS VISTA CO.

INCOME STATEMENTS

FOR THE YEAR ENDED DECEMBER 31

2022 2021

Sales revenue 3810 3470

Costs and expenses

Cost of goods sold 1,085 1,020

Selling $ administrative expenses 2,400 2,33o

interest expense 25 20

Total costs & expenses 3510 3370

Income before income tax 300 100

income expense 90 30

Net income 210 70

Complete the following rations for 2022 and 2021

a. current ratio

b. inventory turnover. (inventory on 12/31/20 was $ 440

profit margin

return on assets ( assets on12/31/20 were $ 2,510

return on common stockholders'equity(stockholders'equity on 12/31/2o was $ 930

Debt to assets ratio

times interest earned