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please i need help fully answer please The condensed financial statements of Cullumber Company for the years 2020-2021 are presented below: Cullumber Company Comparative Balance
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The condensed financial statements of Cullumber Company for the years 2020-2021 are presented below: Cullumber Company Comparative Balance Sheets As of December 31, 2020 and 2021 2021 Cash $659,000 Accounts receivable (net) 511,000 2020 $52,500 428.000 Inventories 576,000 502,000 Plant and equipment 2.708,000 1,618,000 Accumulated depreciation (391,000) (220,000) $4,063,000 $2,380,500 Accounts payable $502.000 $222.000 Dividends payable -0. 61.500 Bonds payable 614,000 -0- 2,311,000 1,689,000 Common stock ($10 par) Retained earnings 636,000 408,000 $4,063,000 $2,380,500 Additional data: Market value of stock at 12/31/21 is $80 per share. Cullumber sold 47,000 shares of common stock at par on July 1, 2021. Cullumber Company Condensed Income Statement For the Year Ended December 31, 2021 Sales revenue $3,596,000 Cost of goods sold 2,482.000 Gross profit 1.114,000 786,000 Administrative and selling expenses Net income $328,000 Compute the following financial ratios by placing the proper amounts for numerators and denominators. (Round per unit answers to 2 decimal places, e., 52.75.) $ Current ratio at 12/31/21 $ $ (1) Acid test ratio at 12/31/21 $ $ Ich Accounts receivable turnover in 2021 $ $ (d) Inventory turnover in 2021 $ $ le) Profit margin on sales in 2021 $ (0) Earnings per share in 2021 s (s) Return on common stockholders' equity in 2021 $ $ (h) Price earnings ratio at 12/31/21 $ $ (0) Debt to assets at 12/31/21 $ $ (0) Debt to assets at 12/31/21 $ $ Book value per share at 12/31/21 Save for Later Attempts: 0 of 1 used Submit fully answer please
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