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Please fix the red boxes?! The comparative statements of Wildhorse Co. are presented here. WILDHORSE CO. Income Statements For the Years Ended December 31 2022

Please fix the red boxes?!

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The comparative statements of Wildhorse Co. are presented here. WILDHORSE CO. Income Statements For the Years Ended December 31 2022 2021 $2.289.400 $2,135.000 Net sales 1,267,000 1,247,440 Cost of goods sold 1,022,400 887,560 Gross profit 620,000 593,960 Selling and administrative expenses 402,400 293,600 Income from operations Other expenses and losses Interest expense 27,280 24,800 Income before income taxes 375,120 268,800 Income tax expense 112,536 80,640 Net income $ 262,584 $ 188,160 WILDHORSE CO. Balance Sheets December 31 2022 2021 Assets Current assets $ 74,524 $ 79,608 Cash 91.760 62,000 Debt investments (short-term) 146,072 127.472 Accounts receivable 156,240 143,220 Inventory 468,596 412,300 Total current assets Plant assets (net) 804,760 645,172 Total assets $1,273,356 $1,057,472 Liabilities and Stockholders' Equity Current liabilities $ 198,400 $180,296 Accounts payable 53,940 52,080 Income taxes payable 252,340 232,376 Total current liabilities 272,800 248,000 Bonds payable Total liabilities 525,140 480,376 Stockholders' equity Common stock ($5 par) 359,600 372,000 Retained earnings 388,616 205,096 Total stockholders' equity 748,216 577,096 Total liabilities and stockholders' equity $1,273,356 $1,057,472 All sales were on account. Net cash provided by operating activities for 2022 was $272,800. Capital expenditures were $168,640, and cash dividends were $79,064, Compute the following ratios for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) (a) Earnings per share 3.59 (b) Return on common stockholders' equity 39.63 % (c) Return on assets 22.53 % (d) Current ratio 1.86 :1 (e) Accounts receivable turnover 9.26 times (f) Average collection period 21.8 days (g) Inventory turnover 8.68 times (h) Days in inventory 43.1 days 0.000 (i) Times interest earned 14.14 times 6) Asset turnover 1.96 times (k) Debt to assets ratio 41.95 16 (10) Free cash flow 32000

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