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Comparative financial statement data for Carla Vista Corporation and Flint Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022.
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Comparative financial statement data for Carla Vista Corporation and Flint Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022. Carla Vista Corporation Flint Corporation 2022 2022 Net sales $2,520,000 $868,000 Cost of goods sold 1,645,000 476,000 Operating expenses 396,200 137,200 Interest expense 12,600 5,320 Income tax expense 119,000 50,400 Current assets 445,704 198,248 A Plant assets (net) 744,800 195,619 Current liabilities 92,855 47,202 Long-term liabilities 151,900 56,958 Compute working capital and the current ratios for each company for 2022. (Round current ratio to 1 decimal place, eg. 0.7: 1.) Working Capital Carla Vista Corporation $ Flint Corporation +A Current Ratio :1 :1 Compute the debt to assets ratio for each company for 2022. (Round debt to assets ratio to 1 decimal place, e.g. 78.9%.) Debt to Assets Ratio Carla Vista Corporation % Flint Corporation %
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