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The comparative statements of Vaughn Company are presented here. Vaughn Company Income Statements For the Years Ended December 3 1 2 0 2 2 /
The comparative statements of Vaughn Company are presented here.
Vaughn Company
Income Statements
For the Years Ended December
Net sales $ $
Cost of goods sold
Gross profit
Selling and administrative expenses
Income from operations
Other expenses and losses
Interest expense
Income before income taxes
Income tax expense
Net income $ $
Vaughn Company
Balance Sheets
December
Assets
Current assets
Cash $ $
Debt investments shortterm
Accounts receivable net
Inventory
Total current assets
Plant assets net
Total assets $ $
Liabilities and Stockholders Equity
Current liabilities
Accounts payable $ $
Income taxes payable
Total current liabilities
Bonds payable
Total liabilities
Stockholders equity
Common stock $ par
Retained earnings
Total stockholders equity
Total liabilities and stockholders equity $ $
All sales were on credit. Net cash provided by operating activities for was $ Capital expenditures were
$ and cash dividends paid were $
Compute the following ratios for Round Earnings pershare, Current ratio and Asset turnover to decimal places, eg or
: and all other answersto decimal place, eg or Use days for calculation.
a Earnings per share $
b Return on common stockholders equity
c Return on assets
d Current ratio :
e Accounts receivable turnover times
f Average collection period days
g Inventory turnover times
h Days in inventory days
i Times interest earned times
j Asset turnover times
k Debt to assets ratio
l Free cash flow $
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