Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help Other expenses and losses begin{tabular}{lccc} Interest expense & 17,800 & 13,800 cline { 2 - 3 } Income before income taves &
please help
Other expenses and losses \begin{tabular}{lccc} Interest expense & 17,800 & 13,800 \\ \cline { 2 - 3 } Income before income taves & 266,200 & & 283,600 \\ Income tax expense & 80,152 & & 76,400 \\ \cline { 2 - 3 } Net income & $186,048 & & $207,200 \\ \hline \end{tabular} Currentassets Cash 559.700$64.490 Debt invesments (short-term) 70,50050,000 cath divilends paid were 180248. Compute the folioning ratios for 2022 . (Round Caminur per share, Canent ratis and Aturf hamover to 2 decinal placies 4.165 o 1.651. and alf ocher aveven to 1 decimal place, es 6.8 or 6 . Ex. Uie 365 dev for coladetion. (b) Return on comrmonstockholders' equity (c) Returnonatsets (d) Current ratlo (e) Accounts receivable turnover (f) Average collection period 81. din (e) Incentary turnover (13) tinien (4) Dorsinimentory drss (i) Tinecinteretearned (i) Asetturnover (d) ifventary turnover- (1). Divi inlinveatary dav (ii) Times interest earned thenei (i) Asset turnever timest (W) Debt to anets ratio (0) Free conh flow erextbook and Medis Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started