Show Attempt History Current Attempt in Progress The comparative statements of Sunland Company are presented here SUNLAND COMPANY Income Statements For the Years Ended December 31 2022 2021 Net sales $1.898,790 $1.753.900 1,066,185 1,009,400 Cost of goods sold Gross profit Selling and administrative expenses 832,605 744,500 503,400 482.400 Income from operations 329,205 262,100 Other expenses and losses 503,400 482.400 Selling and administrative expenses Income from operations Other expenses and losses 329,205 262,100 Interest expense 23,800 21,800 305.405 240.300 Income before income taxes Income tax expense Net income 93,595 74,800 $ 211,810 $ 165,500 SUNLAND COMPANY Balance Sheets December 31 Assets 2022 2021 SUNLAND COMPANY Balance Sheets December 31 Assets 2022 2021 Current assets Cash $ 61,008 $ 64,200 Debt investments (short-term) 74,000 50,000 Desktop Accounts receivable 121.200 106,200 Inventory 127,800 117.300 Total current assets 384,008 337.700 Plant assets (net) 661,000 208 AM 11/15/2021 532.300 Total assets $1.045,008 $870,000 13 Liabilities and Stockholders' Equity $ 163,400 $148,800 45,300 43,800 Liabilities and Stockholders'Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($5 par) 208.700 192,600 232.000 212.000 440.700 404,600 Desktop 290.000 300,000 Retained earnings 314.308 165,400 208 AM 11/15/2021 Total stockholders' equity 604.308 465,400 Total liabilities and stockholders' equity $1.045,00B $870,000 Retained earnings 314,308 165,400 Total stockholders' equity 604 308 465.400 Total liabilities and stockholders' equity $1,045.000 $870.000 All sales were on account. Net cash provided by operating activities for 2022 was $260,845. Capital expenditures were 5135.000, and cash dividends were $62.902. Compute the following ratios for 2022. (Round current ratio, earnings per share and asset turnover to 2 decimal places, eg 183 and all other answers to 1 decimal place, eg. 18 or 2.5%. Use 365 days in calculation) D (a) Earnings per share $ (b) Return on common stockholders' equity (c) Return on assets 1 (d) Current ratio 0/12 E III Question 3 of 3 (b) Return on common stockholders equity ic Return on assets -1 (dl Current ratio times co) Accounts receivable turnover days Average collection period times a Inventory turnover op days th Days in inventory times Times interest earned AM 2001 times Asset turnover D Inventory turnover times ch) Days in inventory days Times interest eamed times 0) Asset turnover times (k) Debt to assets ratio % (0) Free cash flow e Textbook and Media Attempts tofused Submit Awe Save for Later Using multiple attempts will impact your score 50% score reduction after attempt 2