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Carla Vista Company Income Statement For the Years Ended December 31 2022 2021 Net sales $1,812,100 $1,745,000 Cost of goods sold 1,008,300 986,000 Gross
Carla Vista Company Income Statement For the Years Ended December 31 2022 2021 Net sales $1,812,100 $1,745,000 Cost of goods sold 1,008,300 986,000 Gross profit 803,800 759,000 Selling and administrative expenses 511,000 475,400 Income from operations 292,800 283,600 Other expenses and losses Interest expense 17,300 13,500 Income before income taxes 275,500 270,100 Income tax expense 78.640 77,600 Net income $196,860 $ 192,500 Carla Vista Company Balance Sheets December 31 Assets 2022 2021 Current assets Cash $60,300 $64,400 Debt investments (short-term) 68,700 50,700 Accounts receivable (net) 116,500 101,200 Inventory 122,900 114,100 Total current assets 368,400 330,400 Plant assets (net) 601,300 516,700 Total assets $969,700 $847,100 Liabilities and Stockholders' Equity Current liabilities Accounts payable $160,500 $145,700 Income taxes payable 43,100 41,800 Total current liabilities 203,600 187,500 Bonds payable 220,000 200,000 Total liabilities 423,600 387,500 Stockholders' equity Common stock ($5 par) 282,500 296,500 Retained earnings 263,600 163,100 Total stockholders' equity 546,100 459,600 Total liabilities and stockholders' equity $969,700 $847,100 All sales were on credit. Net cash provided by operating activities for 2022 was $246,000. Capital expenditures were $142,000, and cash dividends paid were $96,360. Compute the following ratios for 2022. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 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 $ 3.48 39.1 % 21.7 % 1.81 :1 (e) Accounts receivable turnover 16.6 times (f) Average collection period 22 days (g) Inventory turnover times (h) Days in inventory days (i) Times interest earned (j) Asset turnover (k) Debt to assets ratio (1) Free cash flow $ times times %
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