Question
The comparative statements ofCarla Vista Co.are presented here. CARLA VISTA CO. Income Statements For the Years Ended December 31 2022 2021 Net sales$2,215,400 $2,065,000 Cost
The comparative statements ofCarla Vista Co.are presented here.
CARLA VISTA CO.
Income Statements
For the Years Ended December 31
2022
2021
Net sales$2,215,400
$2,065,000
Cost of goods sold1,227,000
1,207,200
Gross profit988,400
857,800
Selling and administrative expenses600,000
574,800
Income from operations388,400
283,000
Other expenses and lossesInterest expense26,400
24,000
Income before income taxes362,000
259,000
Income tax expense108,600
77,700
Net income$253,400
$181,300
Balance Sheets
December 31
Assets
2022
2021
Current assets
Cash
$72,120
$77,040
Debt investments (short-term)
88,800
60,000
Accounts receivable
141,360
123,360
Inventory
151,200
138,600
Total current assets
453,480
399,000
Plant assets (net)
778,800
624,360
Total assets
$1,232,280
$1,023,360
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable
$192,000
$174,480
Income taxes payable
52,200
50,400
Total current liabilities
244,200
224,880
Bonds payable
264,000
240,000
Total liabilities
508,200
464,880
Stockholders' equity
Common stock ($5par)
348,000
360,000
Retained earnings
376,080
198,480
Total stockholders' equity
724,080
558,480
Total liabilities and stockholders' equity
$1,232,280
$1,023,360
All sales were on account. Net cash provided by operating activities for 2022 was $264,000. Capital expenditures were $163,200, and cash dividends were $75,800.
Compute the following ratios for 2022.(Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.)
(a)Earnings per share$
enter earnings per share in dollars
(b)Return on common stockholders' equity enter return on common stockholders' equity in percentages
%(c)Return on assets enter return on assets in percentages
%(d)Current ratio enter current ratio
:1(e)Accounts receivable turnover enter accounts receivable turnover in times
times(f)Average collection period enter average collection period in days
days(g)Inventory turnover enter inventory turnover in times
times(h)Days in inventory enter days in inventory
days(i)Times interest earned enter times interest earned
times(j)Asset turnover enter asset turnover in times
times(k)Debt to assets ratio enter debt to assets ratio in percentages
%(l)Free cash flow$
enter free cash flow in dollars
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