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The comparative statements of Bonita Company are presented here. Bonita Company Income Statements For the Years Ended December 31 2022 2021 Net sales $1,810,600
The comparative statements of Bonita Company are presented here. Bonita Company Income Statements For the Years Ended December 31 2022 2021 Net sales $1,810,600 $1,746,200 Cost of goods sold 1,012,200 984,000 Gross profit 798,400 762,200 Selling and administrative expenses 515,200 479,600 Income from operations 283,200 282,600 Other expenses and losses Interest expense 17,300 13,300 Income before income taxes 265,900 269,300 Income tax expense 81,100 76,300 Net income $ 184,800 $193,000 Bonita Company Balance Sheets December 31 Assets 2022 2021 Current assets Cash $59,500 $63,100 Debt investments (short-term) 68,200 49,800 Accounts receivable (net) 117,100 102,100 Inventory 124,000 114,400 Total current assets 368,800 329,400 Plant assets (net) 598,600 519,300 Total assets $967,400 $848,700 Liabilities and Stockholders' Equity Current liabilities Accounts payable $159,200 $144,800 Income taxes payable 43,800 41,200 Total current liabilities 203,000 186,000 Bonds payable 220,000 200,000 Total liabilities 423,000 386,000 Stockholders' equity Common stock ($5 par) 278,300 299,200 Retained earnings 266,100 163,500 Total stockholders' equity 544,400 462,700 Total liabilities and stockholders' equity $967,400 $848,700 All sales were on credit. Net cash provided by operating activities for 2022 was $225,000. Capital e Compute the following ratios for 2022. (Round Earnings per share, Current ratio and Asset turnover to (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets (d) Current ratio (e) Accounts receivable turnover CA $ % % :1 times (f) Average collection period days (g) Inventory turnover times (h) Days in inventory days (i) Times interest earned times (j) Asset turnover times (k) Debt to assets ratio (1) Free cash flow CA % do
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