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Learni Caldorf media bibliog The condensed financial statements of Bramble Company for the years 2021 and 2022 are presented as follows. (Amounts in thousands) BRAMBLE
Learni Caldorf media bibliog The condensed financial statements of Bramble Company for the years 2021 and 2022 are presented as follows. (Amounts in thousands) BRAMBLE COMPANY Balance Sheets December 31 2022 2021 ails Current assets Cash and cash equivalents $350 $361 Accounts receivable (net) 418 476 Inventory 392 474 Prepaid expenses 148 112 Total current assets 1.308 1.423 Investments 13 10 Property, plant, and equipment (net) 390 414 Intangibles and other assets 482 532 Total assets $2.193 $2,379 9 dtv A A Current assets. Cash and cash equivalents $350 $361 Accounts receivable (net) 418 476 Inventory 392 474 Prepaid expenses 148 112 Total current assets. 1,308 1423 Investments 13 10 Property, plant, and equipment (net) 390 414 Intangibles and other assets 482 532 Total assets $2.193 $2,379 Current liabilities $794 $894 Long-term liabilities 378 402 Stockholders' equity-common 1.021 1,083 Total liabilities and stockholders' equity $2.193 $2,379 Window Help education NWP Assessment Build.... W NWP Assessment Playe..... Lab Assignment Question 3 of 10 < > BRAMBLE COMPANY Income Statements For the Years Ended December 31 2022 2021 $3,780 $3,770 Net sales Expenses Cost of goods sold 874 946 Selling and administrative expenses 2,305 2,418 Interest expense 21 24 Total expenses 3,200 3,388 Income before income taxes 580 382 Income tax expense 148 79 Net income $432 $303 Compute the following ratios for 2022 and 2021. (Round current ratio an or 1.62% and all other answers to 1 decimal place es 16.ac Ls Compute the following ratios for 2022 and 2021. (Round current ratio and invertory turnover ratio to 2 decimal places, eg. 1.62 or 1.62% and all other answers to 1 decimal place, e.g. 1.6 or 1.6%.) (a) Current ratio. (b) Inventory turnover. (Inventory on 12/31/20 was $329.) (c) Profit margin. (d) Return on assets. (Assets on 12/31/20 were $1,876.) (e) Return on common stockholders' equity. (Stockholders' equity-common on 12/31/20 was $912.) (f) Debt to assets ratio. (g) Times interest earned. (a) Current ratio 2022 2021 2022 2021 :1 times times % (a) Current ratio :1 (b) Inventory turnover (c) Profit margin 96 (d) Return on assets (e) Return on common stockholders' equity % (f) Debt to assets ratio % (g) Times interest earned times eTextbook and Media Save for Later % % % times Attempts: 0 of 3 used Submit
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