Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer a-e please!!! Additional information: 2021 $ 20,100 60,500 69,000 59,900 486,000 695,500 Net cash provided by operating activities Cash used for capital expenditures

please answer a-e please!!! image text in transcribed
Additional information: 2021 $ 20,100 60,500 69,000 59,900 486,000 695,500 Net cash provided by operating activities Cash used for capital expenditures Dividends paid Weighted average common shares outstanding $80,100 $39,500 $21,000 $55,000 $35,000 $13,000 30,000 Cullumber Company Balance Sheets December 31 Assets 2022 Cash $ 28,000 Receivables (net) 82,000 Other current assets 82,500 Long-term investments 62,000 Property, plant, and equipment (net) 605,000 Total assets $ 859,500 Liabilities and Stockholders' Equity Current liabilities $77,000 Long-term liabilities 83,500 Common stock 348,000 Retained earnings 351,000 Total liabilities and stockholders' equity $ 859,500 33,000 Compute these values and ratios for 2021 and 2022. (Round Earnings per she Debt to assets ratio to 1 decimal place, e.g. 15.2. Enter negative amount or parentheses e.g. (45).) 2022 2021 $ 68,000 97,000 290,500 240,000 $ 695,500 (a) Earnings per share. $ 152.0 0.10 X $ X $ (b) Working capital 5,500 5,500 M Current ratio 1.07:1 1.07:1 (d) Debt to assets ratio. .01% .01 Cullumber Company Income Statements For the Years Ended December 31 2022 Sales revenue $759,240 Cost of goods sold 440,000 Operating expenses (including income taxes) 244,000 Net income $ 75,240 2021 $686,000 407,000 222,000 $ 57,000 (e) Free cash flow. 19,600 7.000 Click if you would like to show Work for this question: Show Work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Performance Auditing A Measurement Approach

Authors: Ronell B. Raaum, Stephen L. Morgan

4th Edition

ISBN: 0894134647, 978-0894134647

More Books

Students also viewed these Accounting questions