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thank you! LI. MIUI Question 1 View Policies Current Attempt in Progress The comparative statements of Cullumber Company are presented here CULLUMBER COMPANY Income Statements
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LI. MIUI Question 1 View Policies Current Attempt in Progress The comparative statements of Cullumber Company are presented here CULLUMBER COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit $1,891,640 $1,751,600 1,059,640 1,007,100 832,000 744.500 501,100 _480,100 330,900 264,400 Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes 23.700_21.700 307.200 242,700 93.700 74.700 $ 213.500 $168.000 Income tax expense Net income CULLUMBER COMPANY Balance Sheets December 31 Assets 2017 2016 ch December 31 Assets 2017 2016 Current assets Cash Debt investments (short-term) $ 60,100 $64,200 74,000 50,000 118,900 103,900 127,700 117,200 Accounts receivable Inventory Total current assets 380,700 335,300 Plant assets (net) 661,000 532,300 $1.041.700 $867.600 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 161,100 $146.500 Income taxes payable 45.200 43.700 Total current liabilities 206,300 190.200 232.000 212.000 Bonds payable Total liabilities 438,300 402.200 Stockholders equity Common stock (S5 par Retained earnings Total stockholders equity 290.000 300.000 313 400 165.400 603.400465.400 Total abilities and stockholders equity $10417C $867800 All sales were on account. Net cash provided by operating activities for 2017 was $227,000. Capital expenditures were $136,000, and cash dividends were $65,500 Compute the following ratios for 2017. (Round all answers to 2 decimal places, 68 183 or 1.8.3K) (a) Earnings per share (6) Return on common stockholders' equity id Return on assets Id) Current ratio le Accounts receivable turnover in Average collection period e) Inventory turnover h) Days in Inventory Times interest earned Asset turnover Debt to assets ratio Free cash flow e Textbook and Media Attempt of 5 used Step by Step Solution
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