Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The combarative statements of Carla Vista Combanv are presented here. begin{tabular}{|c|c|c|} hline multicolumn{3}{|c|}{begin{tabular}{c} Carla Vista Company Balance Sheets December 31 end{tabular}} hline
The combarative statements of Carla Vista Combanv are presented here. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{c} Carla Vista Company \\ Balance Sheets \\ December 31 \end{tabular}} \\ \hline & 2025 & 2024 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline \multicolumn{3}{|l|}{ Current assets } \\ \hline Cash & $72,120 & $77,040 \\ \hline Debt imvestments (short-term) & 88,800 & 60,000 \\ \hline Accounts receivable (net) & 141,360 & 123,360 \\ \hline Imventory & 151,200 & 138,600 \\ \hline Total current assets & 453,480 & 399,000 \\ \hline Plant assets (net) & 778,800 & 624,360 \\ \hline Total assets & $1,232,280 & $1,023,360 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Stockholders' Equity. } \\ \hline \multicolumn{3}{|l|}{ Current liabilities } \\ \hline Accounts payable & $192,000 & $174,480 \\ \hline Income taxes payable & 52,200 & 50,400 \\ \hline Total current liabilities & 244,200 & 224,880 \\ \hline Bonds payable & 264,000 & 240,000 \\ \hline Total liabilities & 508,200 & 464,880 \\ \hline \multicolumn{3}{|l|}{ Stockholders' equity } \\ \hline Common stock ( $5 par) & 348,000 & 360,000 \\ \hline Retained earnings & 376,080 & 198,480 \\ \hline Total stockholders' equity & 724,080 & 558,480 \\ \hline Total liabilities and stockholders' equity & $1,232,280 & $1,023,360 \\ \hline \end{tabular} All sales were on credit. Net cash provided by operating activities for 2025 was $264,000. Capital expenditures were $163,200, and cash dividends paid were $75,800. Compute the following ratios for 2025. (Round Debt to asset ratio and Free cash flow to 0 decimal places, eg. 15 or 15%, Earnings per share, Return on assets, Current ratio and Asset turnover to 2 decimal places, e.g. 1.83 or 1.83% and all other answers to 1 decimal place, e.g. 1.8 or
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started