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need help filling in the boxes Question 7 The comparative statements of Sandhill Co. are presented here SANDHILL CO Income Statements For the Years Ended
need help filling in the boxes
Question 7 The comparative statements of Sandhill Co. are presented here SANDHILL CO Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,896,740 $1,756,700 1,012,200 744,500 485,200 259,300 1,064,740 832,000 506,200 325,800 Interest expense Income before income taxes Income tax expense Net income 23,200 302,600 93,200 209,400 21,200 238,100 74,200 $ 163,900 SANDHILL CO Balance Sheets December 31 Asset 2017 2016 Current assets Cash Debt investments (short-term) Accounts receivable Inventory $60,100 64,200 50,000 109,000 116,700 339,900 535,300 $1,049,300 $875,200 74,000 124,000 127,200 385,300 664,000 Total current assets Plant assets (net) Total assets Liabilities and Stockholders Equity Current liabilities Accounts payable Income taxes payable $166,200 $151,600 43,200 194,800 215,000 409,800 44,700 210,900 235,000 445,900 Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings 300,000 165,400 465,400 $1,049,300 $875,200 290,000 313,400 603,400 Total stockholders' equity Total liabilities and stockholders' equity All sales were on account. Net cash provided by operating activities for 2017 was $229,000. Capital expenditures were $137,000, and cash dividends were $61,400 Compute the following ratios for 2017, (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets (d) Current ratio (e) Accounts receivable turnover (f) Average collection period (g) Inventory turnover (h) Days in inventory (i) Times interest earned G) Asset turnover (k) Debt to assets ratio (I) Free cash flo Click if you would like to Show Work for this question: Open Show Work times days times days times timesStep by Step Solution
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