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The comparative statements of Cullumber Company are presented here. Cullumber Company Income Statements For the Years Ended December 31 2025 2024 Net sales $1,586,400
The comparative statements of Cullumber Company are presented here. Cullumber Company Income Statements For the Years Ended December 31 2025 2024 Net sales $1,586,400 $1,470,000 Cost of goods sold 887,000 845,040 Gross profit 699,400 624,960 Selling and administrative expenses 420,000 402,360 Income from operations 279,400 222,600 Other expenses and losses Interest expense 18,480 16,800 Income before income taxes 260,920 205,800 Income tax expense 78,276 61,740 Net income $182,644 $144,060 Cullumber Company Balance Sheets December 31 Cullumber Company Balance Sheets December 31 2025 2024 Assets Current assets Cash $50,484 $53,928 Debt investments (short-term) 62,160 42,000 Accounts receivable (net) 98,952 86,352 Inventory 105,840 97,020 Total current assets 317,436 279,300 Plant assets (net) 545,160 437,052 Total assets $862,596 $716,352 Liabilities and Stockholders' Equity. Current liabilities Accounts payable $134,400 $122,136 Income taxes payable 36,540 35,280 Total current liabilities 170,940 157,416 Bonds payable 184,800 168,000 Bonds payable 184,800 168,000 355,740 325,416 Total liabilities Stockholders' equity Common stock ($4 par) 243,600 252,000 Retained earnings 263,256 138,936 Total stockholders' equity 506,856 390,936 Total liabilities and stockholders' equity $862,596 $716,352 All sales were on credit. Net cash provided by operating activities for 2025 was $184,800. Capital expenditures were $114,240, and cash dividends paid were $58,324. Compute the following ratios for 2025. (Round Debt to asset ratio and Free cash flow to O decimal places, e.g. 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 1.8%. Use 365 days for calculations.) a. Earnings per share b. Return on common stockholders' equity C. Return on assets d. Current ratio +A 3 % % :1 d. Current ratio e. Accounts receivable turnover f. Average collection period g. Inventory turnover h. Days in inventory i. Times interest earned j. Asset turnover k. Debt to assets ratio I. Free cash flow A :1 times days times days times times %
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