Problem 13-02A The comparative statements of Sunland Company are presented here. SUNLAND COMPANY Income Statements For the Years Ended December 31 2022 Net sales $2,178,400 Cost of goods sold 1,207,000 Gross profit 971,400 Selling and administrative expenses 590,000 Income from operations 381,400 Other expenses and losses Interest expense 25,960 Income before income taxes 355,440 Income tax expense 106,632 $ 248,808 Net income 2021 $2,030,000 1,187,080 842,920 565,220 277,700 23,600 254,100 76,230 $177,870 2021 SUNLAND COMPANY Balance Sheets December 31 Assets 2022 _ Current assets Cash $ 70,918 Debt investments (short-term) 87,320 Accounts receivable 139,004 Inventory 148,680 Total current assets 445,922 Plant assets (net) 765,820 Total assets $1,211,742 $ 75,756 59,000 121,304 136,290 392,350 613,954 $1,006,304 $ 188,800 51,330 Liabilities and Stockholders' Equity Current liabilities Accounts payable 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 240,130 259,600 499,730 $171,572 49,560 221,132 236,000 457,132 354,000 195,172 342,200 369,812 712,012 $1,211,742 549,172 $1,006,304 All sales were on account. Net cash provided by operating activities for 2022 was $259,600. Capital expenditures were $160,480, and cash dividends were $74,168. Compute the following ratios for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets (d) Current ratio (e) Accounts receivable turnover times (f) Average collection period days (9) Inventory turnover times (h) Days in inventory days (1) Times interest earned times 6) Asset turnover times (k) Debt to assets ratio (1) Free cash flow Click if you would like to Show Work for this question: Open Show Work