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The comparative statements of Ivanhoe Company are presented here. IVANHOE COMPANY Income Statements For the Years Ended December 31 2022 2021 Net sales $1,901,880 $1,757,600

The comparative statements of Ivanhoe Company are presented here.

IVANHOE COMPANY Income Statements For the Years Ended December 31

2022

2021

Net sales

$1,901,880

$1,757,600

Cost of goods sold

1,064,445

1,013,100

Gross profit

837,435

744,500

Selling and administrative expenses

507,100

486,100

Income from operations

330,335

258,400

Other expenses and losses

Interest expense

23,600

21,600

Income before income taxes

306,735

236,800

Income tax expense

93,745

74,600

Net income

$ 212,990

$ 162,200

IVANHOE COMPANY Balance Sheets December 31

Assets

2022

2021

Current assets

Cash

$ 59,704

$ 64,200

Debt investments (short-term)

74,000

50,000

Accounts receivable

124,900

109,900

Inventory

127,600

117,100

Total current assets

386,204

341,200

Plant assets (net)

664,000

535,300

Total assets

$1,050,204

$876,500

Liabilities and Stockholders Equity

Current liabilities

Accounts payable

$ 167,100

$152,500

Income taxes payable

45,100

43,600

Total current liabilities

212,200

196,100

Bonds payable

235,000

215,000

Total liabilities

447,200

411,100

Stockholders equity

Common stock ($5 par)

290,000

300,000

Retained earnings

313,004

165,400

Total stockholders equity

603,004

465,400

Total liabilities and stockholders equity

$1,050,204

$876,500

All sales were on account. Net cash provided by operating activities for 2022 was $224,565. Capital expenditures were $135,000, and cash dividends were $65,386. Compute the following ratios for 2022. (Round current ratio, earnings per share and asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%. Use 365 days in calculation.)

(a)

Earnings per share

$enter earnings per share in dollars rounded to 2 decimal places

???

(b)

Return on common stockholders equity

enter Return on common stockholders equity in percentages rounded to 1 decimal place

% ??

(c)

Return on assets

enter Return on assets in percentages rounded to 1 decimal place

% ??

(d)

Current ratio

enter Current ratio rounded to 2 decimal places

:1 ???

(e)

Accounts receivable turnover

enter a number of Accounts receivable turnover in times rounded to 1 decimal place

times ???

(f)

Average collection period

enter a number of Average collection period in days rounded to 1 decimal place

days ??

(g)

Inventory turnover

enter a number of Inventory turnover in times rounded to 1 decimal place

times ??

(h)

Days in inventory

enter a number of days in inventory rounded to 1 decimal place

days ???

(i)

Times interest earned

enter a number of times interest earned rounded to 1 decimal place

times ???

(j)

Asset turnover

enter a number of Asset turnover in times rounded to 2 decimal places

times ???

(k)

Debt to assets ratio

enter Debt to assets ratio in percentages rounded to 1 decimal place

% ??

(l)

Free cash flow

$enter Free cash flow in dollars

????

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