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The following are financial statements of Carla Vista Co.. Carla Vista Co. Income Statement For the Year Ended December 31, 2022 Net sales $2.247.500 Cost
The following are financial statements of Carla Vista Co.. Carla Vista Co. Income Statement For the Year Ended December 31, 2022 Net sales $2.247.500 Cost of goods sold 1,018,500 Selling and administrative expenses 901,000 Interest expense 82,000 Income tax expense 75.000 Net income $ 171,000 Carla Vista Co. Balance Sheet December 31, 2022 Assets Current assets Cash $ 56,300 81,000 Debt investments Accounts receivable (net) 169.500 Inventory 118,900 425,700 Total current assets Plant assets (net) 574,000 Total assets $999,700 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 161,000 Income taxes payable 37,000 Total current liabilities 198,000 201,880 399,880 Bonds payable Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity 355,000 244,820 599,820 Total liabilities and stockholders' equity $999,700 Additional information: The net cash provided by operating activities for 2022 was $192,000. The cash used for capital expenditures was $91,500. The cash used for dividends was $32,300. The weighted average common shares outstanding during the year was 50,000. (a) Compute the following values and ratios for 2022. (We provide the results from 2021 for comparative purposes.) (Round Current Ratio and Earnings per share to 2 decimal places, eg, 15.25 and Debt to assets ratio to 1 decimal place, eg. 78.9%. Enter negative amounts using either a negative sign preceding the numbereg.-45 or parentheses eg. (45).) (1) Working capital. (2021: $160.500) (ii) Current ratio. (2021: 1.65:1) Free cash flow. (2021: $48,700) Debt to assets ratio. (2021: 319) (iv) (v) Earnings per share. (2021: $3.15) (1) Working capital $ 227700 (ii) Current ratio 2.15 :1 Free cash flow A 100500 (iv) Debt to assets ratio 40 % (v) Earnings per share $ 3.42
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