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no explanation req The following financial information is for Carla Vista Company. Total assets $871,440$703,920 Liabilities and Stockholders' Equity Notes payable $168,864$102,000 Accounts payable 66,00051,000
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The following financial information is for Carla Vista Company. Total assets $871,440$703,920 Liabilities and Stockholders' Equity Notes payable $168,864$102,000 Accounts payable 66,00051,000 Accrued liabilities 39,00039,000 Bonds payable, due 2025 249,000169,000 Common stock, $10 par 210,000210,000 Retained earnings Total liabilities and stockholders' equity $871,440$703,920 Additional information: 1. Inventory at the beginning of 2021 was $117,000. 2. Accounts receivable (net) at the heginning of 2021 were $90.000 Additional information: 1. Inventory at the beginning of 2021 was $117,000. 2. Accounts receivable (net) at the beginning of 2021 were $90,000. 3. Total assets at the beginning of 2021 were $631,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on account. Compute the liquidity and profitability ratios of Carla Vista Company for 2021 and 2022 . (Round current ratio, asset turnover and earnings per share to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, eg. 1.8 or 1.8%. If % change is a decrease show the numbers as negative, es. 1.83% or (1.83%).) Id all other answers to 1 decimal place, e.g. 1.8 or 1.8%. If \% change is a decrease show 2021 % Change :1 1 times times times times 20222021% Change PROFITABILITY Profit margin % % Asset turnover times times Return on assets % % Earnings per share The following financial information is for Carla Vista Company. Total assets $871,440$703,920 Liabilities and Stockholders' Equity Notes payable $168,864$102,000 Accounts payable 66,00051,000 Accrued liabilities 39,00039,000 Bonds payable, due 2025 249,000169,000 Common stock, $10 par 210,000210,000 Retained earnings Total liabilities and stockholders' equity $871,440$703,920 Additional information: 1. Inventory at the beginning of 2021 was $117,000. 2. Accounts receivable (net) at the heginning of 2021 were $90.000 Additional information: 1. Inventory at the beginning of 2021 was $117,000. 2. Accounts receivable (net) at the beginning of 2021 were $90,000. 3. Total assets at the beginning of 2021 were $631,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on account. Compute the liquidity and profitability ratios of Carla Vista Company for 2021 and 2022 . (Round current ratio, asset turnover and earnings per share to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, eg. 1.8 or 1.8%. If % change is a decrease show the numbers as negative, es. 1.83% or (1.83%).) Id all other answers to 1 decimal place, e.g. 1.8 or 1.8%. If \% change is a decrease show 2021 % Change :1 1 times times times times 20222021% Change PROFITABILITY Profit margin % % Asset turnover times times Return on assets % % Earnings per share Step by Step Solution
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