Please answer accounting question correctly The comparative statements of Vaughn Company are presented here.Vaughn CompanyIncome StatementsFor the Years Ended December 3120222021$1.813,300$1,745,300Net sales1,010,100994,000Cost of goods sold803,200751,300Gross profit512.200481,600Selling and administrative expenses291,000269,700Income from operationsOther expenses and losses18,70014,000Interest expense272,300255,700Income before income taxes82,02277,800Income tax expense$ 190,278$ 177,900Net incomeVaughn CompanyBalance SheetsDecember 31Assets20222021Current assetsCash$59,500$64,500Debt investments (short-term)70,80050,500Accounts receivable (net)117,900101,500Inventory123,000115,600Total current assets371,200332,100Plant assets (net)600,700516,300Total assets$971,900$848,400Liabilities and Stockholders' EquityCurrent liabilitiesAccounts payable$159,000$144,100Income taxes payable42,20041.200Total current liabilities201,200185,300Bonds payable220,000200,000Total liabilities421,200385,300Stockholders' equityCommon stock ($5 par)276,800299,800Retained earnings273,900163,300Total stockholders' equity550,700463,100Total liabilities and stockholders' equity$971,900$848,400 All sales were on credit. Net cash provided by operating activities for 2022 was $216,000. Capital expenditures were $132,000, andcash dividends paid were $79,678.Compute the following ratios for 2022. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, eg. 1.65 or 1.65:1,and all other answers to 1 decimal place, eg. 6.8 or 6.8%. Use 365 days for calculation.)(a)Earnings per share$(b)Return on common stockholders' equity(c)Return on assets:1(d)Current ratio(e)Accounts receívable turnovertimes(f)Average collection perioddays(g)Inventory turnovertimes(h)Days in inventorydays(i)Times interest earnedtimes(j)Asset turnovertimes(k)Debt to assets ratio(1)Free cash flow%24

Ratio analysis helps in measuring and analyzing the financial position of the business entity.

All sales were on credit. Net cash provided by operating activities for 2022 was $216,000. Capital expenditures were $132,000, and cash dividends paid were $79,678. Compute the following ratios for 2022. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, eg. 1.65 or 1.65:1, and all other answers to 1 decimal place, eg. 6.8 or 6.8%. Use 365 days for calculation.) (a) Earnings per share $ (b) Return on common stockholders' equity (c) Return on assets

All sales were on credit. Net cash provided by operating activities for 2022 was $216,000. Capital expenditures were $132,000, and cash dividends paid were $79,678. Compute the following ratios for 2022. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, eg. 1.65 or 1.65:1, and all other answers to 1 decimal place, eg. 6.8 or 6.8%. Use 365 days for calculation.) (a) Earnings per share $ (b) Return on common stockholders' equity (c) Return on assets

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.17P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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