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i need help with this accounting problem. Net income Rourke Optical Mart Comparative Balance Sheets December 31, 2021 and 2020 begin{tabular}{|c|c|c|c|c|} hline & & 2021
i need help with this accounting problem.
Net income Rourke Optical Mart Comparative Balance Sheets December 31, 2021 and 2020 \begin{tabular}{|c|c|c|c|c|} \hline & & 2021 & 2020 & 2019 \\ \hline \multicolumn{5}{|l|}{ Current assets: } \\ \hline Cash & $ & 43,000$ & 47,000 & \\ \hline Current receivables, net & & 210,000 & 156,000$ & $138,000 \\ \hline Inventories & & 296,000 & 285,000 & 184,000 \\ \hline Prepaid expenses & & 4,000 & 27,000 & \\ \hline Total current assets & & 553,000 & 515,000 & \\ \hline Property, plant, and equipment, net & & 284,000 & 277,000 . & \\ \hline Total assets & $ & 837,000 \$ & 792,000 & 705,000 \\ \hline Accounts payable & s & 130,000$ & 94,000 & 110,000 \\ \hline Other current liabilties & & 144,000 & 193,000 & \\ \hline Total current liabilities & & 274,000 & 287,000 & \\ \hline Long-term liabilities & & 247,000 & 238,000 & \\ \hline Total liabilities & & 521,000 & 525,000 & \\ \hline Common stockholders' equity, no par & & 316,000 & 267.000 & 190,000 \\ \hline Total fiabilities and stockholders' equity & $ & 837,000$ & 792,000 & \\ \hline \end{tabular} - Selected 2019 amounts. Rourke Optical Mart Comparative Income Statements Years Ended December 31, 2021 and 2020 \begin{tabular}{|c|c|c|c|} \hline & & 2021 & 2020 \\ \hline Net sales & $ & 686,000$ & 596,000 \\ \hline Cost of goods sold & & 384,000 & 279,000 \\ \hline Gross profit & & 302,000 & 317,000 \\ \hline Operating expenses & & 130,000 & 150,000 \\ \hline Income from operations & & 172,000 & 167,000 \\ \hline Interest expense & & 33,000 & 42,000 \\ \hline Income before income tax & & 139,000 & 125,000 \\ \hline Income tax expense & & 38,000 & 45,000 \\ \hline Net income & $ & 101,000$ & 80,000 \\ \hline \end{tabular} 2. Compantive francial staibment data of Rounce Ogtical Mart foliow: Other information: Rined the gealcemerth? 1. Market pelen of Reurke Optical Mart common slock 57572 at December 2020 2. Cormon shares outstanding: 16,000 duting 2021 and 15,500 during 2020 3. All saves on credit 4. Cath dividends paid per share: 50.45 int 2021 and 50.25 in 2020 a. Curent niso b. Ouck focis test) rutio 2024 2090 1. Inventary tumeror and days' inventory outanding (O/O) - round to tho nearest whole day Aegin by seleding the formula and then enter the amounts to calculate the inventary turnover for 2021 and 2020 . (Round the ratios to two bncimal plischs, X.XX) Begin by selecting the formila and then enter the anounts to calculate the accounts payable tumover for 2021 and 2080 . (Round the ratios to two decimat piaces, XX ) X) t. Cath contresion crele (in days) h. Rotum on assots-uno DuPont Aralysis exponse in your analyais) 1. secum on commer stockholders' equity-use DuPont Analysis Select the formula ind then enter the amounts to calculate the rectim on common stocbholders' equity (ROE) for 2021 and 2020 . (Reund percentapes to the nearest one-tenth percent, X ? X000, inore intereit expense in your analysls.) Fewringerper shave of common stock The concany o trancial postion win Aurng 2021 a shawn by the (30) in the (3t) furing 2001, as shown by the (co) in the (19) The price-nerengs rato (OS) Dy analysing the two year thence in the ratios L fartings par whare of compon slock. 2021 2020 daing 2021 as whown by the cons infor (a1) ine (a) Teipice-eaning rato (as) - hasempora Step by Step Solution
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