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
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 sold 1,227,000 1,207,200
Gross profit 988,400 857,800
Selling and administrative expenses 600,000 574,800
Income from operations 388,400 283,000
Other expenses and losses
Interest expense 26,400 24,000
Income before income taxes 362,000 259,000
Income tax expense 108,600 77,700
Net income $253,400 $181,300
CARLA VISTA CO.
Balance Sheets
December 31
Assets 2022 2021
Current assetsCash $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' equityCommon 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 $
(b)Return on common stockholders' equity times
(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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