View Policies Current Attempt in Progress The comparative statements of Ivanhoe Company are presented here. IVANHOE COMPANY Income Statements For the Years Ended December 31 2022 Net sales $1,623.400 Cost of goods sold 907,000 Gross profit 716,400 Selling and administrative expenses 430,000 Income from operations 286,400 Other expenses and losses Interest expense 18.920 Income before income taxes 267.480 Income tax expense 80.244 Net income $187.236 2021 $1,505,000 865,160 639,840 411,940 227.900 17,200 210.700 63,210 $ 147,490 IVANHOE COMPANY Balance Sheets 2021 IVANHOE COMPANY Balance Sheets December 31 Assets 2022 Current assets Cash $ 51,686 Debt investments (short-term) 63,640 Accounts receivable 101,308 Inventory 108,360 Total current assets 324.994 Plant assets (net) 558,140 Total assets $883,134 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 137,600 Income taxes payable 37.410 Total current liabilities 175,010 Bonds payable 189,200 Total liabilities 364.210 Stockholders' equity Common stock (55 par) 249.400 $ 55,212 43,000 88,408 99,330 285,950 447,458 $733,408 $125,044 36,120 161,164 172,000 333,164 258,000 16 Stockholders equity Common stock ($5 par) Retained earnings Total stockholders equity Total liabilities and stockholders' equity 249.400 269,524 518,924 $883,134 258,000 .142.244 400,244 $733.408 All sales were on account. Net cash provided by operating activities for 2022 was $189,200. Capital expenditures were $116,960, and cash dividends were $59.956. Compute the following ratios for 2022. Round all answers to 2 decimal places, eg. 1.83 or 1.83%) a) Earnings per share Return on common stockholders equity bi lo Retum on assets Id) :1 Current ratio Accounts receivable turnover times in Average collection period days Inventory turnover times 13: Homework -/1 Question 2 of 10 (5) Return on common stockholders' equity c) Return on assets % 1 (d) Current ratio times 10 days (B) Accounts receivable turnover Average collection period Inventory turnover Days in inventory Times interest earned times (h) days 00 times 0 times Asset turnover Debt to assets ratio (K) %6 00 Free cash flow $ e Textbook and Media