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Compute Ilquidity and profitability ratlos, and indicate the percentage change in liquidity and profitability ratios of Cullumber Company from 2 0 2 4 to 2

Compute Ilquidity and profitability ratlos, and indicate the percentage change in liquidity and profitability ratios of Cullumber
Company from 2024 to 2025.(Note: Not all profitabllity ratios can be computed, nor can cash-basls ratlos be computed.)(Round
Curent ratio, Asset turnover and Earnings per share to 2 decimal places, eg.15.50. Round $ change to 0 decimal places, for e.g.1%. Round
all other answers to 1 decimal place, e.g.15.5. If % change is a decrease show the numbers as negative, e.g.-1% or (1%).)
Earnings pershare $
eTextbook and Media
The following are three independent sltuations and a ratlo that may be affected. For each sltuation, compute the affected ratio (1)
28 of December 31,2025, and (2) as of December 31,2026, and percentage change in each ratlo after glving effect to the
sttuation. (Round Debt to assets ratio to 0 decimal places, eg.15 and round all other answers to 1 decimal place & intermediate
calculation to two decimal places wherever required, eg.15.5. Round % change to 0 decimal places, for e.g.1% and if % change is a
decrease show the numbers as negative, e.g.-1% or (1%).)
Situation
18,000 shares of common stock were sold at par on July 1,2026. Net
income for 2026 was $53,000, and there were no dlvildends.
All of the notes payable were pald in 2026. A.ll other llabilitles remained at
thelr December 31,2025, levels. Total assets on December 31,2026, were
$904,000.
The market price of common stock was $9 and $13 on December 31,2025
and 2026, respectlvely. Net Income for 2026 was $53,000.(Use a simple
average calculation for EPS.)
Ratlo
Return on common stockholders' equlty
Debt to assets ratlo
Prlce-earnings ratio
Price-earnings ratio
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