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Condensed balance sheet and income statement data for Bramble Corporation are presented here. BRAMBLE CORPORATION Balance Sheets December 31 2022 2021 2020 Cash $ 31,000

Condensed balance sheet and income statement data for Bramble Corporation are presented here.

BRAMBLE CORPORATION Balance Sheets December 31

2022

2021

2020

Cash

$ 31,000

$ 21,000

$ 19,000

Accounts receivable (net)

51,000

46,000

49,000

Other current assets

95,000

100,000

69,000

Investments

60,000

75,000

50,000

Plant and equipment (net)

500,000

370,000

358,000

$737,000

$612,000

$545,000

Current liabilities

$ 86,000

$ 81,000

$ 71,000

Long-term debt

150,000

90,000

55,000

Common stock, $10 par

325,000

315,000

305,000

Retained earnings

176,000

126,000

114,000

$737,000

$612,000

$545,000

BRAMBLE CORPORATION Income Statements For the Years Ended December 31

2022

2021

Sales revenue

$745,000

$605,000

Less: Sales returns and allowances

43,520

32,285

Net sales

701,480

572,715

Cost of goods sold

430,144

354,732

Gross profit

271,336

217,983

Operating expenses (including income taxes)

181,072

151,268

Net income

$ 90,264

$ 66,715

Additional information:

1. The market price of Brambles common stock was $7.00, $7.74, and $8.46 for 2020, 2021, and 2022, respectively.
2. You must compute dividends paid. All dividends were paid in cash.

(a) Compute the following ratios for 2021 and 2022. (Round earnings per share and asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 1.8%.)

2022

2021

Profit margin

enter Profit margin in percentages rounded to 1 decimal place

%

enter Profit margin in percentages rounded to 1 decimal place

%

Gross profit rate

enter Gross profit rate in percentages rounded to 1 decimal place

%

enter Gross profit rate in percentages rounded to 1 decimal place

%

Asset turnover

enter number of Asset turnover in times rounded to 2 decimal places

times

enter number of Asset turnover in times rounded to 2 decimal places

times

Earnings per share

$enter Earnings per share in dollars rounded to 2 decimal places

$enter Earnings per share in dollars rounded to 2 decimal places

Price-earnings ratio

enter number of Price-earnings ratio in times rounded to 1 decimal place

times

enter number of Price-earnings ratio in times rounded to 1 decimal place

times

Payout ratio

enter Payout ratio in percentages rounded to 1 decimal place

%

enter Payout ratio in percentages rounded to 1 decimal place

%

Debt to assets ratio

enter Debt to assets ratio in percentages rounded to 1 decimal place

%

enter Debt to assets ratio in percentages rounded to 1 decimal place

%

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