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The comparative statsments of Carla Vista Co. are presented here CARLA VISTA CO. Income Statements For the Years Ended December 31 2022 2021 Nat
The comparative statsments of Carla Vista Co. are presented here CARLA VISTA CO. Income Statements For the Years Ended December 31 2022 2021 Nat salas $1,898,790 $1.753,900 Cost of goods sold 1.040.095 1.009,400 Gross profit 838,595 744,500 Selling and administrative expanses 503,400 482,400 Income from operations 325,295 262,100 Other exoensas and lasses Interest expense 23,100 21,100 Income before income taxas 312.195 241,000 Income tax expense 93.305 74,100 Net incoma $218,990 $166,900 CARLA VISTA CO. Balance Sheets December 31 Assets 2022 2021 Current assets Cash $60,420 $64,200 Dest investments short-term) 74,000 50,000 Accounts receivable 121,200 106.200 Inventory 127,100 116.600 Total current assets 382,720 337,000 Plant assets (net) 662,000 533.300 Tatal assets $1,044,720 S870,300 Liabilities and Stockholders' Equity Current liabilities Accounts payable $163,400 $148,900 Income taxes payable 44,600 43,100 Total current liabilities 208.000 191,900 Bonds payable 233,000 213.000 Total liabilities 441,000 404,900 Stockholders' squity Common stock (S5 par) 290,000 300,000 Retained earnings 313,720 165,400 Total stockholders' equity 603,720 465,400 Total liabilities and stockholders' equity $1,044,720 S870,300 All sales were on account. Net cash providad by operatingactivities for 2022 was $239,940. Capital expenditures wera $136,000, and cash dividends were $70,570. Computs the fallowing ratios for 2022. (Round current ratio, earnings per share and asset turnover to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, eg. 18 or 2.5%. Use 365 days in calculation.) (a) Earnings per share (b) Return on common stockholders' equity 96 Return on assets Current ratio :1 Accounts receivable turnover timas Average collection periad days Invantory turnaver timas th) Days in inventory days li Times interest sarned times Asset turnover times (k Debt to assets ratio Free cash flovw %24 %24
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