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k and L Allsales were on credlt Net cash provided by operating activities for 2022 was $237,000. Capital expenditures were $143,000, and cash dividends paid
k and L
Allsales were on credlt Net cash provided by operating activities for 2022 was $237,000. Capital expenditures were $143,000, and cash dividends paid were $87,392 Compute the following ratios for 2022. (Round Earnings per share, Current rotio and Asset tum over to 2 decimal places eE. 1.65 or 1.65 . and all other anwers to 1 decimal place, eg. 6.8 or 6.8% Use 365 days for calculation.) The comparative statements of Sunland Company are presented here. Sunland Company Balance Sheets December 31 Assets 2022 Current assets Cash \begin{tabular}{rr} $59,100 & $65,000 \\ 69,400 & 49,900 \\ 117,100 & 102,600 \\ 123,000 & 333,000115,500 \\ \hdashline 368,600 & $21,600 \\ \hline 602,000 & $854,600 \\ \hline$970,600 & \\ \hline \end{tabular} Liabilities and Stockholders' Equity Current liabilities: \begin{tabular}{lrrr} Accounts payable & $159,600 & & $144,900 \\ Income taxes payable & 43,100 & & 42,400 \\ \cline { 2 - 3 } Totalcurrent liabilities & 202,700 & & 187,300 \\ Bonds payable & 220,000 & & 200,000 \\ \hline Total liabilities & 422,700 & 387,300 \\ \hline \end{tabular} Stockholders' equity \begin{tabular}{l|c|c} Commonstock (\$5 par) & 283,100 & 302,500 \\ Retainedearnings & 264,800 & 164,800 \\ \hline Total stockholders' equity & $447.900 & 467,300 \\ \cline { 2 - 3 } Total llabilities and stockholders' equity & $970,600 & $854,600 \\ & & \end{tabular} Step by Step Solution
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