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COMPARATIVE FINANCTAL STATEMENTS FOR MEL HOURNE INC. ARE SHOWN BELOW BAIANCE SHEt AS OF DRCEMEER MI 20222021 ASSETS CURRENT ASSEIS: CASH $3.000$200 ACCOUNTS RECDINALE 8.5006,000 NVENTORY 120008,200 PREPAID EXPENSES I 1290 ge0 TOTAL CURRENT ASSEIS 24,90015,000 PROPERTY, FLANT, ANDEOUIPMENT, NET 103,600123,300 NTANGIBLE ASSLIS. NET 64.09047000 TOTAL ASSETS 5102500 \$IS.6200 LAEHIIIS A ND STOCKIOLDERS'EQUTY CURRENT HABIUTIES ACCOUNTS PAYABLE S1I.000 $12,000 OTHER CURRENT LABIITISS 11.8003200 TOTAL CURRENT LABIMIIES 22,80015,200 LONG-TERM DEBT 120000 128000 TOTALLABILIFFS 142900 STOCKHOH DERS EOUTV COMmonstock 15,00015,000 ADDITIONAL PAID-INCAPITAL. 20,00020020,000 RETAINFD FARNINGS 14,2008.000 TOTAL STOCKHOL DERS EQUTY 49.70043.000 TOTAL LINBILITISS AND STOCKHOLDERS' EOUTY SI92500 SIN5200 INCOVIE SIATEMET FOR THE VEAR ENDF D DEFMBER 2022 2021 NFISALS $270000$230.000 COST OH COODS SOLD IR4.000 142300 GROSS MLARGIN 86,000= BT.200 OPERATING BXPDNSES OPERATING INOOME: 22,00033,700 WTEREST EXPENSE 2S00. 5900 FARNINGS BEFORF TNCOME TAXES 14.50027200 INCOMETAXES NET EARNINGS 6,700=530,8 ? s Chapter 14-Ratio Formulas Brofitahility Ratios Farnings per share (Nat insone - Prefened divilends) - Weighted-averses: common shares outstanding Price-rarnings ratio Murket proce per share - Eaming per share Payout Ratio Cach dividends paid es comumos stock - Net insome Giross Prafit Rate or Giress margin percentage - Grows marin 4 Nat ats Profit Margin Net ineome + Net ales Reture on commen stocklowders' equits (Net tasome - Prefered divilends) - Average Cominer stoskholders' equisy Turneser Ratios Asset turnever Net sales - Averase Tatal ascets Acsounts receivable turnover Nescreli sales - Averase Nes Aceounts rocivivale Average Collection Period or Days' sales in recthables 165 A Accounts receivahile turoner Inventery turnover Cost of goods sold es Average Invemoin Days" sales in inventory 365 s Imentery turmaver LiguiditowDebr-Related Ratios Current ratis Cument aseats + Current labilities Actid-test ratia (quick ratb) (Cach + Marketable wectatities + Short-term receirables) Current labilitics Debt-to-equity ratio Total lisbilitics - Stockholden's' equity COMPARATIVE FINANCTAL STATEMENTS FOR MEL HOURNE INC. ARE SHOWN BELOW BAIANCE SHEt AS OF DRCEMEER MI 20222021 ASSETS CURRENT ASSEIS: CASH $3.000$200 ACCOUNTS RECDINALE 8.5006,000 NVENTORY 120008,200 PREPAID EXPENSES I 1290 ge0 TOTAL CURRENT ASSEIS 24,90015,000 PROPERTY, FLANT, ANDEOUIPMENT, NET 103,600123,300 NTANGIBLE ASSLIS. NET 64.09047000 TOTAL ASSETS 5102500 \$IS.6200 LAEHIIIS A ND STOCKIOLDERS'EQUTY CURRENT HABIUTIES ACCOUNTS PAYABLE S1I.000 $12,000 OTHER CURRENT LABIITISS 11.8003200 TOTAL CURRENT LABIMIIES 22,80015,200 LONG-TERM DEBT 120000 128000 TOTALLABILIFFS 142900 STOCKHOH DERS EOUTV COMmonstock 15,00015,000 ADDITIONAL PAID-INCAPITAL. 20,00020020,000 RETAINFD FARNINGS 14,2008.000 TOTAL STOCKHOL DERS EQUTY 49.70043.000 TOTAL LINBILITISS AND STOCKHOLDERS' EOUTY SI92500 SIN5200 INCOVIE SIATEMET FOR THE VEAR ENDF D DEFMBER 2022 2021 NFISALS $270000$230.000 COST OH COODS SOLD IR4.000 142300 GROSS MLARGIN 86,000= BT.200 OPERATING BXPDNSES OPERATING INOOME: 22,00033,700 WTEREST EXPENSE 2S00. 5900 FARNINGS BEFORF TNCOME TAXES 14.50027200 INCOMETAXES NET EARNINGS 6,700=530,8 ? s Chapter 14-Ratio Formulas Brofitahility Ratios Farnings per share (Nat insone - Prefened divilends) - Weighted-averses: common shares outstanding Price-rarnings ratio Murket proce per share - Eaming per share Payout Ratio Cach dividends paid es comumos stock - Net insome Giross Prafit Rate or Giress margin percentage - Grows marin 4 Nat ats Profit Margin Net ineome + Net ales Reture on commen stocklowders' equits (Net tasome - Prefered divilends) - Average Cominer stoskholders' equisy Turneser Ratios Asset turnever Net sales - Averase Tatal ascets Acsounts receivable turnover Nescreli sales - Averase Nes Aceounts rocivivale Average Collection Period or Days' sales in recthables 165 A Accounts receivahile turoner Inventery turnover Cost of goods sold es Average Invemoin Days" sales in inventory 365 s Imentery turmaver LiguiditowDebr-Related Ratios Current ratis Cument aseats + Current labilities Actid-test ratia (quick ratb) (Cach + Marketable wectatities + Short-term receirables) Current labilitics Debt-to-equity ratio Total lisbilitics - Stockholden's' equity