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The comparative statements of Swifty Company are presented here. Swifty Company Income Statements For the Years Ended December 31 2022 2021 Net sales $1,815,400 $1,748,300

The comparative statements of Swifty Company are presented here.

Swifty Company Income Statements For the Years Ended December 31

2022

2021

Net sales

$1,815,400 $1,748,300

Cost of goods sold

1,012,500 991,000

Gross profit

802,900 757,300

Selling and administrative expenses

514,200 474,200

Income from operations

288,700 283,100

Other expenses and losses

Interest expense

18,100 13,000

Income before income taxes

270,600 270,100

Income tax expense

79,332 76,400

Net income

$ 191,268 $ 193,700

Swifty Company Balance Sheets December 31

Assets

2022

2021

Current assets

Cash

$59,400 $63,700

Debt investments (short-term)

70,100 50,700

Accounts receivable (net)

117,800 102,300

Inventory

124,000 114,800

Total current assets

371,300 331,500

Plant assets (net)

596,900 523,100

Total assets

$968,200 $854,600

Liabilities and Stockholders Equity

Current liabilities

Accounts payable

$159,000 $145,000

Income taxes payable

42,000 42,500

Total current liabilities

201,000 187,500

Bonds payable

220,000 200,000

Total liabilities

421,000 387,500

Stockholders equity

Common stock ($5 par)

279,500 300,100

Retained earnings

267,700 167,000

Total stockholders equity

547,200 467,100

Total liabilities and stockholders equity

$968,200 $854,600

All sales were on credit. Net cash provided by operating activities for 2022 was $241,000. Capital expenditures were $137,000, and cash dividends paid were $90,568. 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, e.g. 6.8 or 6.8%. Use 365 days for calculation.)

(a)

Earnings per share

$enter a dollar amount rounded to 2 decimal places

(b)

Return on common stockholders equity

enter percentages rounded to 1 decimal place %

(c)

Return on assets

enter percentages rounded to 1 decimal place %

(d)

Current ratio

enter the ratio rounded to 2 decimal places :1

(e)

Accounts receivable turnover

enter a number of times rounded to 1 decimal place times

(f)

Average collection period

enter a number of days rounded to 1 decimal place days

(g)

Inventory turnover

enter a number of times rounded to 1 decimal place times

(h)

Days in inventory

enter a number of days rounded to 1 decimal place days

(i)

Times interest earned

enter a number of times rounded to 1 decimal place times

(j)

Asset turnover

enter a number of times rounded to 2 decimal places times

(k)

Debt to assets ratio

enter percentages rounded to 1 decimal place %

(l)

Free cash flow

$enter a dollar amount

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