Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Given the information answer the questions. 2025 2024 Assets Cash Receivables (net) $27,000 $20,300 85,000 58,500 Other current assets 83,000 73,000 Long-term investments 63,400 59,600
Given the information answer the questions.
2025 2024 Assets Cash Receivables (net) $27,000 $20,300 85,000 58,500 Other current assets 83,000 73,000 Long-term investments 63,400 59,600 Property, plant, and equipment (net) 615,000 468,000 Total assets $873,400 $679,400 Liabilities and Stockholders' Equity Current liabilities $78,000 $69,000 Long-term liabilities 53,010 66,880 Common stock 339,000 298,500 Retained earnings 403,390 245,020 Total liabilities and stockholders' equity $873,400 $679,400 Sales revenue Cost of goods sold Sunland Company Income Statements For the Years Ended December 31 Operating expenses (including income taxes) Net income Additional information: 2025 2024 $774,620 $691,600 456,000 405,000 248,000 229,000 $ 70,620 $ 57,600 Dividends paid $28,000 $13,500 Weighted-average common shares outstanding 33,000 30,000 Compute these values and ratios for 2024 and 2025. (Round Earnings per share to 2 decimal places, eg. $2.78 and Current Ratio and Debt to assets ratio to 1 decimal place, e.g. 15.2:1 or 15.2%. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).) (a) Earnings per share (b) Working capital (c) Current ratio (d) Debt to assets ratio 2025 2024 :1
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started