Question
he comparative statements of Bonita Company are presented here. Bonita Company Income Statements For the Years Ended December 31 2022 2021 Net sales $1,811,500 $1,752,200
he comparative statements of Bonita Company are presented here. Bonita Company Income Statements For the Years Ended December 31 2022 2021 Net sales $1,811,500 $1,752,200 Cost of goods sold 1,008,900 982,000 Gross profit 802,600 770,200 Selling and administrative expenses 518,600 472,800 Income from operations 284,000 297,400 Other expenses and losses Interest expense 17,800 13,800 Income before income taxes 266,200 283,600 Income tax expense 80,152 76,400 Net income $ 186,048 $ 207,200 Bonita Company Balance Sheets December 31 Assets 2022 2021 Current assets Cash $59,700 $64,400 Debt investments (short-term) 70,500 50,000 Accounts receivable (net) 117,200 102,200 Inventory 123,900 115,000 Total current assets 371,300 331,600 Plant assets (net) 600,800 521,900 Total assets $972,100 $853,500 Liabilities and Stockholders Equity Current liabilities Accounts payable $159,300 $144,200 Income taxes payable 43,500 41,000 Total current liabilities 202,800 185,200 Bonds payable 220,000 200,000 Total liabilities 422,800 385,200 Stockholders equity Common stock ($5 par) 282,800 298,600 Retained earnings 266,500 169,700 Total stockholders equity 549,300 468,300 Total liabilities and stockholders equity $972,100 $853,500 All sales were on credit. Net cash provided by operating activities for 2022 was $242,000. Capital expenditures were $128,000, and cash dividends paid were $89,248. Compute the following ratios for 2022. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 or 1.65:1, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation.)
(a) Earnings per share $enter a dollar amount rounded to 2 decimal places
(b) Return on common stockholders equity enter percentages rounded to 1 decimal place %
(c) Return on assets enter percentages rounded to 1 decimal place %
(d) Current ratio enter the ratio rounded to 2 decimal places :1
(e) Accounts receivable turnover enter a number of times rounded to 1 decimal place times
(f) Average collection period enter a number of days rounded to 1 decimal place days
(g) Inventory turnover enter a number of times rounded to 1 decimal place times
(h) Days in inventory enter a number of days rounded to 1 decimal place days
(i) Times interest earned enter a number of times rounded to 1 decimal place times
(j) Asset turnover enter a number of times rounded to 2 decimal places times
(k) Debt to assets ratio enter percentages rounded to 1 decimal place %
(l) Free cash flow $enter a dollar amount
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