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The following are financial statements of Wildhorse Co. Wildhorse Co. Income Statement For the Year Ended December 31, 2022 Net sales $2.239.000 Cost of goods
The following are financial statements of Wildhorse Co. Wildhorse Co. Income Statement For the Year Ended December 31, 2022 Net sales $2.239.000 Cost of goods sold 1.015.000 Selling and administrative expenses 910.000 Interest expense 75.000 Income tax expense 73.000 Net income $ 166.000 Wildhorse Co Balance Sheet December 31, 2022 Assets Current assets Cash $56,200 Debt investments 87,000 160,300 Accounts receivable (net) Inventory 161,350 Total current assets 472,850 Plant assets (net) 572,000 Total assets $1,044,850 Liabilities and Stockholders' Equity Current liabilities $ 161.000 32.000 193,000 224,940 417.940 Accounts payable Income tawas payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity ' Total llebilities and stockholders' equity 340,000 270.910 626,910 $1,044,850 Additional information: The net cash provided by operating activities for 2022 was $190.900. The cash used for capital expenditures was $89.500. The cash used for dividends was $30.300. The welghted 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, ag. 78.9% Enter negative amounts using either a negative sin preceding the number 3.-45 or parentheses e 3 (451) (1) Working capital.(2021: $160.500) Current ratica. (2001: 1.65:1) Free cash flow. (2021:518,700) Debt to assets ratio.(2021:31%) Earnings per share. (2021: $3.15) (iv) (v) Working capital $ Current ratio :1 Free cash flow S (iv) Debt to assets ratio % (v) Earnings per share $
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