TRIC TONOVI OTOCICE DOLCIFICIIS CUTID I com Cullumber Company Income Statement For the Year Ended December 31, 2022 Net sales $2,225,000 Cost of goods sold 1,016,500 Selling and administrative expenses 901,000 Interest expense 82.000 Income tax expense 74,500 Net income $ 151,000 Cullumber Company Balance Sheet December 31, 2022 Assets Current assets Cash $ 61,100 Debt investments 85.000 Accounts receivable (net) 168,900 Inventory 115,500 Total current assets 430,500 Plant assets (net) 573,500 Total assets $ 1,004,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable $164,000 Income taxes payable 41,000 Total current liabilities 205,000 Bonds payable 161,460 Total liabilities 366,460 Stockholders' equity Common stock 343,000 Retained earnings 294,540 Total stockholders' equity 637,540 Total liabilities and stockholders' equity $1,004,000 Additional information: The net cash provided by operating activities for 2022 was $191,500. The cash used for capital expenditures was $94,000. The cash used for dividends was $31,300. 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, e.g. 15.25 and Debt to assets ratio to 1 decimal place, e.g. 78.9%. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Additional information: The net cash provided by operating activities for 2022 was $191,500. The cash used for capital expenditures was $94,000. The cash used for dividends was $31,300. 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, e.g. 15.25 and Debt to assets ratio to 1 decimal place, e.g. 78.9%. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses eg. (45).) (i) Working capital. (2021: $160,500) (ii) Current ratio. (2021: 1.65:1) (iii) Free cash flow. (2021: $48,700) (iv) Debt to assets ratio. (2021:31%) (v) Earnings per share. (2021: $3.15) (i) Working capital $ (ii) Current ratio :1 (iii) Free cash flow $ (iv) Debt to assets ratio % (v) Earnings per share $ Save for Later