Problem 13-04A The following financial information is for Cullumber Company CULLUMBER COMPANY Balance Sheets December 31 Assets 2022 2021 Cash $ 70,000 64,000 Debt investments (short-term) 53,000 39,000 Accounts receivable 108,000 90,000 Inventory 229,000 162,000 Prepaid expenses 30,000 25,000 Land 130,000 130,000 Building and equipment (net) 264,000 185,000 Total assets $884,000 $695,000 Liabilities and Stockholders' Equity Notes payable $172,000 $102,000 Accounts payable 65,000 51,000 Accrued liabilities 41,000 41,000 Bonds payable, due 2025 250,000 172,000 Common stock, $10 par 202,000 202,000 Retained earnings 154,000 127,000 Total liabilities and stockholders' equity $884,000 $695,000 CULLUMBER COMPANY Income Statements For the Years Ended December 31 2022 2021 Sales revenue $890,000 $786,000 Cost of goods sold 641,000 575,000 Gross profit 249,000 211,000 Operating expenses 194,000 159,000 Net income $ 55,000 $ 52,000 Additional information: 1. Inventory at the beginning of 2021 was $116,000. 2. Accounts receivable (net) at the beginning of 2021 were $90,000 3. Total assets at the beginning of 2021 were $642,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on account. Compute the liquidity and profitability ratio of Columber Company for 2021 and 2022. Round Curent ratio, Asturver and Earnings per share to 2 decimal places. 15.50 and round all other art decimale and change is a decrease show the numbers as negative (1) 2021 2022 Change LIQUIDITY Current Accounts receivables turnover times Inventory turnover times 2021 2022 Change PROFITABILITY Profit margin times times Earnings per the (b) Given below are the independent stations and art that may be affected for each compute the affected to (1) as of December 11, 2012, and (2) as of December 11, 2023, er guffect to the station (und Berto answers to decimal place . 15.8. Red change to decimal place for a 15 and it change is a decrease show the numbers as negative (IS) 1 mon common 2. All of the notes peable were paid in 2023. All other remained at their December 31, 2022 levels. Totalets on December 31, 2023, were 1804,000 Date to start The market of common stock was 9 and 13 on December 31, 2022 2023, respectively 2022 Change 2033 Dottorate Click if you were to Show Work for the intent LIVO