Question 3 of 3 The comparative statements of Cullumber Company are presented here. CULLUMBER COMPANY Income Statements For the Years Ended December 31 2022 2021 Net sales $1,894.200 $1.755,700 Cost of goods sold 1.063.575 1,011.200 Gross pront 830.625 744.500 Selling and administrative expenses 505.200 484,200 Income from operations 325.425 260.300 Other expenses and losses Interest expense 23.500 21.500 Income before income taxes 301.925 238,800 Income before income taxes 301.925 238,800 Income tax expense 93.065 74,500 Net income $ 208.860 $ 164.300 CULLUMBER COMPANY Balance Sheets December 31 Assets 2022 2021 Current assets Cash $ 60.166 $ 64,200 Debt investments (short-term) 74.000 50.000 Accounts receivable 123.000 108.000 Inventory 127.500 117.000 Totalare CULLUMBER COMPANY Balance Sheets December 31 Assets 2022 2021 Current assets Cash $ 60.166 $ 64,200 Debt investments (short-term) 74.000 50.000 Accounts receivable 123.000 108.000 Inventory 127.500 117.000 Total current assets 384.666 339.200 Plant assets (net) 661.000 532.300 Total assets $1.045.666 $871,500 Liabilities and Stockholders' Equity Liabilities and Stockholders Equity Current liabilities Accounts payable $ 165,200 $150,600 Income taxes payable 45,000 43.500 Total current liabilities 210.200 194.100 Bonds payable 232.000 212.000 Total liabilities 442.200 406.100 Stockholders' equity Common stock ($5 par) 290.000 300.000 Retained earnings 313.466 165.400 Total stockholders' equity 603.466 465.400 Total liabilities and stockholders equity $1.045,666 $871,500 sales were on account. Net cash provided by operating activities for 2022 was $242,580. Capital expenditures were $137,000, and sh dividends were $60,794. mpute the following ratios for 2022. (Round current ratio, earnings per share and asset turnover to 2 decimal places, e.g 1.83 and all other swers to 1 decimal place, eg. 1.8 or 2.5%. Use 365 days in calculation.) Earnings per share $ > Return on common stockholders' equity %. Return on assets d) Current ratio e) Accounts receivable turnover times f) Average collection period days LILLA di O DID 8C Rain showers (e) Accounts receivable turnover times (f) Average collection period days (g) Inventory turnover times (h) Days in inventory days (i) Times interest earned times (0) Asset turnover times (k) Debt to assets ratio % (1) Free cash flow $ e leythan and Media