Problem 13-02A The comparative statements of Sunland Company are presented here. 2021 $1,645,000 945,640 SUNLAND COMPANY Income Statements For the Years Ended December 31 2022 Net sales $1,771,400 Cost of goods sold 987,000 Gross profit 784,400 Selling and administrative expenses 470,000 Income from operations 314,400 Other expenses and losses Interest expense 20,680 Income before income taxes 293,720 Income tax expense 88,116 Net Income $ 205,604 699,360 450,260 249,100 18,800 230,300 69,090 $ 161,210 2022 2021 SUNLAND COMPANY Balance Sheets December 31 Assets Current assets Cash Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable $ 56,494 69,560 110,732 118,440 355,226 610,060 $965,286 $ 60,348 47,000 96,632 108,570 312,550 489,082 $801,632 $ 150,400 40,890 $136,676 39,480 Kimmel, Accounting, 7e CALCULATOR PRENTE RCES nt- 40,890 191,290 206,800 398,090 39,480 176,156 188,000 364,156 Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 282,000 155,476 272,600 294,596 567,196 $965,286 437,476 $801,632 All sales were on account. Net cash provided by operating activities for 2022 was $206,800. Capital expenditures were $127,840, and cash dividends were $66,484. Compute the following ratios for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) tudy (a) Earnings per share (b) Return on common stockholders' equity % (c) Return on assets % (d) Current ratio :1 (e) Accounts receivable turnover times (1) Average collection period days (9) Inventory turnover times (h) Days in Inventory days (1) Times interest earned times 0) Asset turnover times (k) Debt to assets ratio % (0) Free cash flow $ Click if you would like to Show Work for this question: Open Show Work