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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 31
2022//2021
Net sales $1,817,200// $1,749,800
Cost of goods sold 1,012,800//970,000
Gross profit 804,400//779,800
Selling and administrative expenses 516,400//475,600
Income from operations 288,000//304,200
Other expenses and losses
Interest expense 17,700//15,000
Income before income taxes 270,300//289,200
Income tax expense 80,022//77,900
Net income $ 190,278// $ 211,300
Vaughn Company
Balance Sheets
December 31
Assets 2022//2021
Current assets
Cash $60,700// $63,400
Debt investments (short-term)70,900//50,100
Accounts receivable (net)116,500//102,500
Inventory 123,300//116,000
Total current assets 371,400//332,000
Plant assets (net)596,300//520,900
Total assets $967,700// $852,900
Liabilities and Stockholders Equity
Current liabilities
Accounts payable $160,600// $144,300
Income taxes payable 43,500//42,200
Total current liabilities 204,100//186,500
Bonds payable 220,000//200,000
Total liabilities 424,100//386,500
Stockholders equity
Common stock ($5 par)279,200//297,400
Retained earnings 264,400//169,000
Total stockholders equity 543,600//466,400
Total liabilities and stockholders equity $967,700// $852,900
All sales were on credit. Net cash provided by operating activities for 2022 was $249,000. Capital expenditures were
$145,000, and cash dividends paid were $94,878.
Compute the following ratios for 2022.(Round Earnings pershare, Current ratio and Asset turnover to 2 decimal places, e.g.1.65 or
1.65:1, and all other answersto 1 decimal place, e.g.6.8 or 6.8%. Use 365 days for calculation.)
(a) Earnings per share $
(b) Return on common stockholders equity %
(c) Return on assets %
(d) Current ratio :1
(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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