Ivanhoe Company Income Statement For the Year Ended December 31, 2022 Net sales Cost of goods sold Selling and administrative expenses Interest expense Income tax expense Net income $2,221,500 1,020,000 903,500 75,000 72,000 $ 151,000 Ivanhoe Company Balance Sheet December 31, 2022 Assets Current assets Cash Debt investments Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 60,300 83,000 169,900 266,500 579,700 571,500 $ 1,151,200 $ 151,000 acy Policy | 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wile $ 60,300 83,000 169,900 266,500 579,700 571,500 $ 1,151,200 Balance Sheet December 31, 2022 Assets Current assets Cash Debt investments Accounts receivable (net) Inventory Total current assets Plant assets (net)1333 Total assets22233333333333333 Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable123 Total current liabilities: Bonds payable Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity - - bet $ 151,000 36,000 153 187,000 215,920 402,920 SSS 1 1 349,000 399,280 748,280 $1,151,200 11 olt Division of labn H Additional information: The net cash provided by operating activities for 2022 was $192.400. The cash used for capital expenditures was $86,500. The cash used for dividends was $31,700. The weighted average common shares outstanding during the year was 50,000 (a) Compute the following values and ratios for 2022. (We provide the results from 2021 for comparative purposes.) (Round Current Ratio and Earnings per share to 2 decimal places, eg. 15.25 and Debt to assets ratio to I decimal place, .g. 78.9%. Enter negative amounts using either a negative sign preceding the number .. 45 or parentheses e.g. (45).) (1) Working capital. (2021: $160,500) () Current ratio. (2021: 1.65:1) (II) Free cash flow. (2021: $48,700) (iv) Debt to assets ratio. (2021: 31%) () Earnings per share. (2021: $3.15) (1) Working capital 160500 (ID Current ratio (H) Free cash flow (W) Debt to assets ratio (V) Earnings per share Click if you would like to Show Work fort