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Need help, I ' m on my last attempt...Thanks! Condensed balance sheet and income statement data for Culver Corporation are presented here. Cash Accounts receivable
Need help, Im on my last attempt...Thanks!
Condensed balance sheet and income statement data for Culver Corporation are presented here. Cash Accounts receivable (net) Other current assets Investments CULVER CORPORATION Balance Sheets December 31 CULVER CORPORATION Income Statements For the Years Ended December 31 The market price of Culver's common stock was $7, $6, and $6 for 2025, 2026, and 2027, respectivc You must compute dividends declared. All declared dividends were paid in cash in the year of declar (a) Compute the following ratios for 2026 and 2027. (Round payout ratio and debt to asset ratio to O decimal places, e.g 183. Round earnings per share and asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 1.8%.) 2027 $ 31,000 51,000 94,000 59,000 500,000 $735,000 $ 86,000 149,000 324,000 176,000 $735,000 2026 $ 21,000 46,000 99,000 74,000 370,000 $610,000 $ 81,000 89,000 314,000 126,000 $610,000 2025 $ 19,000 49,000 68,000 49,000 358,000 $543,000 $ 71,000 54,000 304,000 114,000 $543,000 Sales revenue Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) Net income 2027 $744,000 37,875 706,125 428,830 277,295 181,204 $ 96,091 2026 $604,000 33,265 570,735 354,114 216,621 150,813 $ 65,808 2027 Property, plant, and equipment (net) Current liabilities Long-term debt Common stock, $10 par Retained earnings 1. Profit margin 2. Gross profit rate 3. Asset turnover 4. Earnings per share 5. Price-earnings ratio 6. Payout ratio 7. Debt to assets ratio 45.99 2026 82.40
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