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The 2022 income statement (single-step) and balance sheet as of Dec. 31, 2022 for San ricente Corporation are given below: San Vicente Corporation Income Statement
The 2022 income statement (single-step) and balance sheet as of Dec. 31, 2022 for San ricente Corporation are given below: San Vicente Corporation Income Statement For the Year Ended Dec. 31, 2022 San Vicente Corporation Balance Sheet December 31,2022 Additional Information: 1. Jan. 1, 2022 balances 2. Minimum ROI 8% of operating assets 3. All sales and purchases are on account. REQUIRED: Compute for the following up to 2 decimal places. Final answers will be placed in the answers sheet. Erasures and alterations will not be honored in the answer sheet. Subimit supporting computations to get credit. 1. Gross profit rate 2. Residual income 3. Accounts receivable turnover 4. Merchandise inventory turnover 5. Asset turnover 6. Current ratio 7. Acid-test ratio 8. Working capital 9. Ratio of total debts to stockholders equity 10. Basic earnings per common share 11. Preferred dividends per year 12. Number of times interest expense earned
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