Answered step by step
Verified Expert Solution
Link Copied!

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
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
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

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

Auditing And Assurance Services

Authors: By David N. Ricchiute

6th Edition

0324024029, 9780324024029

More Books

Students also viewed these Accounting questions