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The following income statement and balance sheets for Worlds of Fun are provided Worlds of Fun Income Statement For the year-ended December 31, 2021 Sales
The following income statement and balance sheets for Worlds of Fun are provided Worlds of Fun Income Statement For the year-ended December 31, 2021 Sales revenue $2,521,800 Cost of goods sold 1,570, eee Gross profit 951, 800 Expenses: Operating expenses 344,000 Depreciation expense 67,000 LOSS on sale of land 4,800 Interest expense 2e, eee Income tax expense 52, eee Total expenses 487,800 Net income $ 464, eee 2828 $110,000 74,000 130. eee 16.000 Worlds of Fun Balance Sheet December 31 2021 Assets Current assets: Cash $ 126,000 Accounts receivable 93eee Inventory 150,000 Prepaid rent 16.eee Long-term assets: Land 360,000 Equipment 390.eee Accumulated depreciation (25, ee Total assets $1,86eeee Liabilities and Stockholders' Equity Current liabilities: Accounts payable S 54,000 Interest payable 8 eee Income tax payable 15,000 Long-term liabilities: Notes payable 450,000 Stockholders equity: Common stock 290, eee Retained earnings 243,000 Total liabilities and equity $1,060,000 22eeee (41eeex $segueda $ 73.000 2. see 12,60e 350,000 290,000 76,400 $899,000 Prev Earnings per share for the year ended December 31, 2021, is $1.60 The closing stock price on December 31, 2021. Is $38.20 Calculate the following profitability ratios for 2021 (Do not round intermediate calculations. Round your answers to 1 decimal place.) Profitability Ratios 1 Gross profitto 2 Return on assets 3 Profit margin 4 Asset tumover 5 Return on equity 6 Puce earnings ratio times times
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