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The comparative statements of Bramble Company are presented here. Bramble Company Income Statements For the Years Ended December 31 2022 2021 Net sales $1,814,500
The comparative statements of Bramble Company are presented here. Bramble Company Income Statements For the Years Ended December 31 2022 2021 Net sales $1,814,500 $1,750,100 Cost of goods sold 1,012,800 976,000 Gross profit 801,700 774,100 Selling and administrative expenses 517,800 478,400 Income from operations 283,900 295,700 Other expenses and losses Interest expense 18,400 13,400 Income before income taxes 265,500 282,300 Income tax expense 81,372 76,500 Net income $184,128 $205,800 Assets Bramble Company Balance Sheets December 31 2022 2021 Current assets Cash $59,200 $64,400 Debt investments (short-term) 69,000 49,300 Accounts receivable (net) 117,200 102,900 Inventory 122,500 115,300 Total current assets 367,900 331,900 Plant assets (net) 600,800 517,100 Total assets $968,700 $849,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable $160,500 $144,700 Income taxes payable 42,200 42,600 Total current liabilities 202,700 187,300 Bonds payable 220,000 200,000 Total liabilities 422,700 387,300 Stockholders' equity Common stock ($5 par) 278,000 297,400 Retained earnings 268,000 164,300 Total stockholders' equity 546,000 461,700 Total liabilities and stockholders' equity $968,700 $849,000 All sales were on credit. Net cash provided by operating activities for 2022 was $228,000. Capital expenditures were $144,000, and cash dividends paid were $80,428. Compute the following ratios for 2022. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 or 1.65:1, and all other answers to 1 decimal place, eg. 6.8 or 6.8%. Use 365 days for calculation.) (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets ** % % (d) Current ratio :1 (e) Accounts receivable turnover times (f) Average collection period days (s) Inventory turnover times (4) Days in inventory days (i) Times interest earned times Asset turnover (k) Debt to assets ratio (0) Free cash flow times
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