The following are financial statements of Ivanhoe Company. Ivanhoe Company Income Statement For the Year Ended December 31, 2022 Net sales $2,232,500 Cost of goods sold 1,017,500 907,000 Selling and administrative expenses Interest expense Income tax expense 78,000 67,000 Net income $ 163,000 Ivanhoe Company Balance Sheet December 31, 2022 Assets Current assets Cash $ 62,400 Debt investments 84,000 Accounts receivable (net) 169,900 Inventory 115,700 Total current assets 432,000 Plant assets (net) 572,000 Total assets $ 1,004,000 Liabilities and Stockholders' Equity. Current liabilities Accounts payable $ 156,000 Income taxes payable 36,000 Total current liabilities 192,000 Bonds payable 199,560 Total liabilities 391,560 Stockholders' equity Common stock 356,000 Retained earnings 256,440 256,440 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 612,440 $1,004,000 Additional information: The net cash provided by operating activities for 2022 was $ 191,200. The cash Lised for capital expenditures was $91,500. The cash used for dividends was $ 30,700. 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 number eg.-45 or parentheses es: (45)) e (11) () Working capital. (2021: $160,500) Current ratio. (2021: 1.65:1) Free cash flow, (2021: $48,700) Debt to assets ratio: (2021:31%) Earnings per share (2021: $3,15) (iv) Additional information: The net cash provided by operating activities for 2022 was $191,200. The cash used for capital expenditures was $ 91,500. The cash used for dividends was $ 30,700. 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 number eg.-45 or parentheses eg. (451) (0) (10) () Working capital. (2021: $160,500) Current ratio (2021: 1.65:1) Free cash flow. (2021: 548,700) Debt to assets ratio (2021:31%) Earnings per share (2021: $3.15) M 6 Working capital 323000 CHI) Current ratio 2:7 :1 JA C 104700 (v) Earnings per share. (2021: $3.15) (0) Working capital $ $ $ 323000 (ii) Current ratio 2:7 1 :1 (iii) Free cash flow $ 104700 (iv) Debt to assets ratio 35.50 % % (v) Earnings per share $ 332 e Textbook and Media
