IVANHOE COMPANY Income Statements For the Years Ended December 31 2022 2021 Net sales $1,623,400 $1,505,000 Cost of goods sold 907,000 865,160 Gross profit 716,400 639,840 Selling and administrative expenses 430,000 411,940 Income from operations 286,400 227,900 Other expenses and losses Interest expense 18,920 17,200 Income before income taxes 267,480 210,700 Income tax expense 80,244 63,210 Net income $ 187,236 $ 147,490 IVANHOE COMPANY Balance Sheets December 31 Assets 2022 2021 Current assets Cash $ 51,686 $55,212 Debt investments (short-term) 63,640 43,000 Accounts receivable 101,308 88,408 Inventory 108,360 99,330 Total current assets 324,994 285,950 Plant assets (net) 558,140 447,458 Total assets $883,134 $733,408 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 137,600 $125,044 37,410 36,120 Income taxes payable Total current liabilities 175,010 161,164 TULII Current Ildilles 173,0IU 101,104 Bonds payable 189,200 172,000 Total liabilities 364,210 333,164 Stockholders' equity Common stock ($5 par) 249,400 258,000 Retained earnings 269,524 142,244 Total stockholders' equity 518,924 400,244 Total liabilities and stockholders' equity $883,134 $733,408 All sales were on account. Net cash provided by operating activities for 2022 was $189,200. Capital expenditures were $116,960, and cash dividends were $59,956. Compute the following ratios for 2022. (Round all answers to 2 decimal places, eg. 1.83 or 1.83%.) LUMPULL LIICIUNUVVI116 IULIUJIUL 2022. HUU U U Ulvi 3 LU 2 ULLIUI PIULUJ, L. 1.UJUI 1.UUU. (a) Earnings per share $ 3.75 (b) Return on common stockholders' equity 40.74 (c) Return on assets 23.17 (d) Current ratio 1.86 (e) Accounts receivable turnover 16.18 times (f) Average collection period 22.56 days (g) Inventory turnover 9.034 times (h) Days in inventory 40.40 days (i) Times interest earned 15.14 times (i) Asset turnover 2.01 times (k) Debt to assets ratio 53.70 % (1) Free cash flow 10320