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Comparative financial statements for Carla Vista and Martinez Ltd. are shown below. Additional information: Seventy-five percent of the sales were on account. 2. The allowance
Comparative financial statements for Carla Vista and Martinez Ltd. are shown below. Additional information: Seventy-five percent of the sales were on account. 2. The allowance for doubtful accounts was $4,000 in 2021,$5,000 in 2020 , and $3,000 in 2019 . 3. In 2021 and 2020 , dividends of $4,000 and $10,000, respectively, were paid to the common shareholders. 4. Cash provided by operating activities was $103,500 in 2021 and $125,000 in 2020 . 5. Cash used by investing activities was $112,500 in 2021 and $34,000 in 2020 . Calculate all possible liquidity, solvency, and profitability ratios for 2021 and 2020 . (Round answers for Collection period, Days sales in inventory, Operating cycle and Free cash flow to 0 decimal places, e.g. 125 . Round answer for Earnings per share to 2 decimal places, e.g. 12.50. Round all other answers to 1 decimal place, e.g. 12.5 or 12.5%. Enter negative amount using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).)
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