Homework answers / question archive / The comparative statements of Sandhill Co are presented here 2021 $1757-200 1,012,700 744

The comparative statements of Sandhill Co are presented here 2021 $1757-200 1,012,700 744

Accounting

Share With

The comparative statements of Sandhill Co are presented here 2021 $1757-200 1,012,700 744.500 SANDHILL CO Income Statements For the Years Ended December 31 2022 Net sales $1,895,400 Cost of goods sold 1061.835 Gross profit 833,565 Selling and administrative expenses 506,700 Income from operations 326,865 Other expenses and losses Interest expense 23,300 Income before income taxes 303.565 Income tax expense 92.935 Net income S 210.630 485.700 258,800 21 300 237.500 74 300 $ 163.200 SANDHILLCO. Balance Sheets December 31 Assets 2022 2021 Current assets Cash 559 130 564 200 Debt investments short-term 74.000 50.000 Accounts receivable 124500 109.500 SO Balance Sheets December 31 Assets 2022 2021 Current assets Cash $59.130 $ 64,200 74,000 50,000 Debt investments (short-term) Accounts receivable Inventory 124,500 109,500 127,300 116.800 Total current assets 384.930 340.500 Plant assets (net) 661.000 532,300 $1,045,930 $872,800 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 166,700 $152.100 Income taxes payable 44.800 43.300 Total current liabilities 211500 195.400 Bonds payable 232.000 212.000 Total liabilities 443.500 407.400 Stockholders equity Common Stock 55 pari Retained earings 290.000 300.000 312430 165.400 Total stockholders equity 602430 265.400 Total abilities and stockholders equity $1045930 $872,800 Total liabilities and stockholders equity 51045,930 $872,800 All sales were on account. Net cash provided by operating activities for 2022 was $252.278. Capital expenditures were $136.000 and cash dividends were 563,600 Compute the following ratios for 2022. (Round current ratio, cernings per share and amet turnover to 2 decimal places, or 113 and all other onwers to 1 decimal place, es 18 ct 25% Use 365 days in calculation) (a) Earnings per share (6) Return on common stockholders' equity Return on assets ?. (d) Current ratio 1 (e) Accounts receivable turnover times Average collection period days ( Inventory turnover times th Days in inventory days Times interesteamed times 0 Asset turnover times Debt tota ratio 0 Free cash flow 9°C Rain sho