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Carla Vista Company has these comparative balance sheet data: Additional information for 2021 : 1. Net income was $45,000. 2. Sales on account were $490,000.
Carla Vista Company has these comparative balance sheet data: Additional information for 2021 : 1. Net income was $45,000. 2. Sales on account were $490,000. Sales returns and allowances amounted to $28,000. 3. Cost of goods sold was $360,000. 4. Net cash provided by operating activities was $69,000. 5. Capital expenditures were $43,000, and cash dividends were $38,000. Compute the following ratios at December 31, 2021: (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 52.7.)
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