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Current Attempt in Progress The comparative statements of Cullumber Company are presented here. CULLUMBER COMPANY Income Statements For the Years Ended December 31 2022 2021

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Current Attempt in Progress The comparative statements of Cullumber Company are presented here. CULLUMBER COMPANY Income Statements For the Years Ended December 31 2022 2021 Net sales $1,893,780 $1,753,600 Cost of goods sold 1,060,965 1,009,100 Gross profit 832,815 744,500 Selling and administrative expenses 503,100 482,100 Income from operations 329,715 262,400 Other expenses and losses Interest expense 23,200 21,200 Income before income taxes 306,515 241,200 Income tax expense 93,525 74,200 Net income $ 212,990 $ 167,000 CULLUMBER COMPANY Balance Sheets December 31 Assets 2022 2021 Current assets Cash $ 60,252 $ 64,200 Debt investments (short-term) 74,000 50,000 Accounts receivable 120,900 105,900 Inventory 127,200 116,700 Total current assets 382,352 336,800 Plant assets (net) 664.000 535,300 Total assets $1,046,352 $872,100 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 163,100 $148,500 Income taxes payable 44,700 43,200 Total current liabilities 207,800 191,700 Bonds payable 235,000 215,000 Total liabilities 442,800 406,700 Stockholders' equity Common stock ($5 par) 290,000 300.000 Retained earnings 313,552 165,400 Total stockholders' equity 603.552 465,400 Total liabilities and stockholders' equity $1,046,352 $872,100 All sales were on account. Net cash provided by operating activities for 2022 was $231,710. Capital expenditures were $137.000, and cash dividends were $64.838. Compute the following ratios for 2022. (Round current ratio, earnings per share and asset turnover to 2 decimal places, es 1.83 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 lo Return on assets (d) Current ratio 1 (e) Accounts receivable turnover times (f) Average collection period days (g) ) Inventory turnover times (h) Days in inventory days (0) Times interest earned times 0) Asset turnover times (k) Debt to assets ratio % (1) Free cash flow $

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