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The comparative statements of Pharoah Company are presented here. Pharoah Company Income Statements For the Years Ended December 31 2025 2024 Net sales $2,104,400
The comparative statements of Pharoah Company are presented here. Pharoah Company Income Statements For the Years Ended December 31 2025 2024 Net sales $2,104,400 $1,960,000 Cost of goods sold 1,167,000 1,146,840 Gross profit 937,400 813,160 Selling and administrative expenses 570,000 546,060 Income from operations 367,400 267,100 Other expenses and losses Interest expense 25,080 22,800 Income before income taxes 342,320 244,300 Income tax expense 102,696 73,290 Net income $239,624 $171,010 Pharoah Company Balance Sheets December 31 2025 2024 Assets Current assets Cash $68,514 $73,188 Debt investments (short-term) 84,360 57,000 Accounts receivable (net) 134,292 117,192 Inventory 143,640 131,670 Total current assets 430,806 379,050 Plant assets (net) 739,860 593,142 $1,170,666 $972,192 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable $182,400 $165,756 49,590 47,880 Total current liabilities 231,990 213,636 Bonds payable 250,800 228,000 Total liabilities 482,790 441,636 Stockholders' equity Common stock ($5 par) 330,600 342,000 Retained earnings 357,276 188,556 Total stockholders' equity 687,876 530,556 Total liabilities and stockholders' equity $1,170,666 $972,192 All sales were on credit. Net cash provided by operating activities for 2025 was $250,800. Capital expenditures w Compute the following ratios for 2025. (Round Debt to asset ratio and Free cash flow to O decimal places, e.g. 15 or 15% 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 x % :1 d. Current ratio :1 e. Accounts receivable turnover times days f. Average collection period g. Inventory turnover times h. Days in inventory days i. Times interest earned times j. Asset turnover times k. Debt to assets ratio % I. Free cash flow d. Current ratio :1 e. Accounts receivable turnover times days f. Average collection period g. Inventory turnover times h. Days in inventory days i. Times interest earned times j. Asset turnover times k. Debt to assets ratio % I. Free cash flow
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