CULLUMBER COMPANY Income Statements For the Years Ended December 31 2022 2021 Net sales $1,893,360 $1,757,800 Cost of goods sold 1,068,795 1,013,300 Gross profit 824,565 744,500 Selling and administrative expenses 507,300 486,300 Income from operations 317,265 258,200 Other expenses and losses Interest expense 24,100 22,100 Income before income taxes 293,165 236,100 Income tax expense 94,335 75,100 Net income $ 198,830 $161,000 CULLUMBER COMPANY Balance Sheets 2022 2021 Current assets Cash $60,278 $64,200 Debt investments (short-term) 74,000 50,000 Accounts receivable 125,100 110,100 Inventory 128,100 117,600 Total current assets 387,478 341,900 Plant assets (net) 662,000 533,300 Total assets $1,049,478 $875,200 Liabilities and Stockholders' Equity Current liabilities Accounts payable $167,300 $152,700 Income taxes payable 45,600 44,100 Total current liabilities 212,900 196,800 Bonds payable 233,000 213,000 Total liabilities 445,900 409,800 Liabilities and Stockholders' Equity Current liabilities Accounts payable $167,300 $152,700 Income taxes payable 45,600 44,100 Total current liabilities 212,900 196,800 Bonds payable 233,000 213,000 Total liabilities 445,900 409,800 Stockholders' equity Common stock ($5 par) 290,000 300,000 Retained earnings 313,578 165,400 Total stockholders' equity 603,578 465,400 Total liabilities and stockholders' equity $1,049,478 $875,200 All sales were on account. Net cash provided by operating activities for 2022 was $ cash dividends were $50,652. Compute the following ratios for 2022. (Round current ratio, earnings per shared and all other answers to 1 decimal place, e.g. 1.8 or 2.5%. Use 365 days in cal (a) Earnings per share $ EA Question 1 of 5 -/12 Compute the following ratios for 2022. (Round current ratio, earnings per share and asset turnover to 2 decimal places, e.gi and all other answers to 1 decimal place, e.g. 1.8 or 2.5%. Use 365 days in calculation.) (a) Earnings per share $ (b) Return on common stockholders' equity (c) eturn on assets (d) Current ratio %% (e) Accounts receivable turnover times (f) Average collection period days (g) Inventory turnover times (h) Days in inventory days (i) Times interest earned times (i) Asset turnover (k) Debt to assets ratio Free cash flow MacBook Pro times %