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The comparative statements of Wildhorse Co. are presented here: WILDHORSE CO. Income Statements For the Years Ended December 31 2022 2021 Net sales $1,891,740 $1,751,700
The comparative statements of Wildhorse Co. are presented here: WILDHORSE CO. Income Statements For the Years Ended December 31 2022 2021 Net sales $1,891,740 $1,751,700 Cost of goods sold 1,059,740 1,007,200 Gross profit 832,000 744,500 Selling and administrative expenses 501,200 480,200 Income from operations 330,800 264,300 Other expenses and losses Interest expense 23,400 21,400 Income before income taxes 307,400 242,900 Income tax expense 93,400 74,400 Net income $214,000 $168,500 Assets 2022 2021 Current assets Cash $60,100 $64,200 Debt investments (short-term) 74,000 50,000 Accounts receivable (net) 119,000 104,000 Inventory 127,400 116,900 Total current assets 380,500 335,100 659,000 530,300 $1,039,500 $865,400 $161,200 $146,600 44,900 43,400 206,100 190,000 230,000 210,000 WILDHORSE CO. Balance Sheets December 31 Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities 436,100 400,000 Stockholders' equity Common stock ($5 par) 290,000 300,000 Retained earnings 313,400 165,400 Total stockholders' equity 603,400 465,400 Total liabilities and stockholders' equity $1,039,500 $865,400 All sales were on credit. Net cash provided by operating activities for 2022 was $233,000. Capital expenditures were $135,000, and cash dividends paid were $66,000. Compute the following ratios for 2022. (Round earnings per share, current ratio and asset turnover to 2 decimal places, e.g. 1.83. Round return on common stockholders' equity, return on assets, accounts receivable turnover, average collection period, inventory turnover, days in inventory, times interest earned and debt to assets ratio to 1 decimal place, e.g. 1.8 or 1.8%. 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 Inventory turnover times (h) Days in inventory days (i) Times interest earned times (j) Asset turnover times (k) Debt to assets ratio % (1) Free cash flow $
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