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Condensed balance sheet and income statement data for Sunland Corporation are presented as follows. SunlandCorporation Balance Sheets December 31 Assets 2022 2021 Cash $31,780
Condensed balance sheet and income statement data for Sunland Corporation are presented as follows. SunlandCorporation Balance Sheets December 31 Assets 2022 2021 Cash $31,780 $20,925 Receivables (net) 83,100 75,100 Other current assets 103,100 86,100 Long-term investments 62,000 60,000 Property, plant, and equipment (net) 523.100 483.100 Total assets $803,080 $725,225 Liabilities and Stockholders' Equity Current liabilities $77,850 $72,850 Long-term liabilities 93.100 103,100 Common stock 343,100 313,100 Retained earnings 289,030 236,175 Total liabilities and stockholders' equity $803,080 $725,225 SunlandCorporation Income Statements For the Years Ended December 31 2022 2021 Sales revenue $798.000 $680,000 Cost of goods sold 440,000 400,000 Operating expenses (including income taxes) 240,000 220,000 Net income $118.000 $60,000 Compute these values and ratios for 2021 and 2022. (Round ratios to 1 decimal place, e.g. 15.2.)
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