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i need help on this question thanks Comparative financial statements for The Sunland Company Ltd. are shown below. begin{tabular}{|c|c|c|} hline Cash & $106,640 & $65,060
i need help on this question thanks
Comparative financial statements for The Sunland Company Ltd. are shown below. \begin{tabular}{|c|c|c|} \hline Cash & $106,640 & $65,060 \\ \hline Accounts receivable & 117,075 & 104,397 \\ \hline Inventory & 135,060 & 116,550 \\ \hline Total current assets & 358,775 & 286,007 \\ \hline Property, plant, and equipment & 668,509 & 556,442 \\ \hline Total assets & $1,027,284 & $842,449 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Shareholders' Equity } \\ \hline \multicolumn{3}{|l|}{ Current liabilities } \\ \hline Accounts payable & $144,950 & $118,341 \\ \hline Income tax payable & 43,370 & 40,800 \\ \hline Current portion of mortgage payable & 10,110 & 21,770 \\ \hline Total current liabilities & 198,430 & 180,911 \\ \hline Mortgage payable & 106,280 & 187,600 \\ \hline Total liabilities & 304,710 & 368,511 \\ \hline \multicolumn{3}{|l|}{ Shareholders' equity } \\ \hline Common shares (51,650 issued in 2024; 55,830 in 2023) & 154,950 & 167,490 \\ \hline Retained earnings & 567,624 & 306,448 \\ \hline Total shareholders' equity & 722,574 & 473,938 \\ \hline Total liabilities and shareholders' equity & $1,027,284 & $842,449 \\ \hline \end{tabular} 1. All sales were on account. 2. The allowance for doubtful accounts was $5,390 in 2024 and $5,399 in 2023 . 3. On July 1, 2024, 4,180 shares were reacquired for $9 per share and cancelled. 4. In 2024,$5,490 of dividends were paid to the common shareholders. 5. Cash provided by operating activities was $334,203. 6. Cash used by investing activities was $157,864. Calculate all possible liquidity, solvency, and profitability ratios for 2024. (Round answers for collection period, days sales in inventory, operating cycle and free cash flow to 0 decimal places, e.g. 125. Round answer for earnings per share to 2 decimal places, e.g. 12.56. Round all other answers to 1 decimal place, e.g. 12.5 or 12.5%. Use 365 days for calculation. Do not round intermediate calculations.) Chapter 18 Assignment Question 3 of 4 /1 7. Operating cycle days Solvency Ratios 8. Debt to total assets % 9. Interest coverage times 10. Free cash flow $ Profitability Ratios 11. Gross profit margin % 12. Profit margin % 13. Asset turnover times 14. Return on assets % 15. Return on shareholders' equity % 16. Earnings per share $ B 17. Payout ratio % SUPPORTStep by Step Solution
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