Healthful Living Corporation’s income statement was presented in Summary Problem 1. The company’s balance sheets (adapted) at the end of fiscal years 2023 and 2022 are presented below.

Other company information follows:
• The company has few receivables since customers pay with cash, debit, or credit cards.
Healthful Living credit card operations were sold in 2021. Therefore, receivables are reported as part of other current assets.
• There were 627.7 million common shares issued and outstanding at the end of fiscal year 2023. Healthful Living had no preferred stock issued or outstanding.
• Cash dividends of \($2.20\) per share were declared during fiscal year 2023.
• The closing market price per share was \($72.42\) on January 30, 2024 (the end of fiscal year 2023).

Requirement:

Calculate the following ratios for fiscal year 2023:
1. Current ratio 

2. Acid-test ratio 

3. Inventory turnover 

4. Debt ratio 

5. Times-interest-earned ratio 

6. Rate of return on net sales 

7. Rate of return on total assets 

8. Rate of return on common stockholders’ equity 

9. Earnings per share of common stock 

10. Price/earnings ratio 

11. Dividend yield 

12. Book value per share of common stock

Data From Summary Problem 1:-

Healthful Living Corporation’s annual sales and net income data for the years 2017–2023 as well as the company’s 2023 and 2022 comparative income statements are presented below.

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1 2 3 A Healthful Living Corporation Balance Sheets End of Fiscal Year 4 5 6 7 Current assets: Assets 8 Cash, cash equivalents, and short term investments 9 Inventory 10 Other current assets 11 Total current assets 12 Property, plant, and equipment, net 13 Other noncurrent assets 14 Total assets 15 16 17 Current liabilities: 18 Accounts payable 19 Other current liabilities 20 Total current liabilities 21 Long-term liabilities 22 Total liabilities 23 (amounts in millions) 2023 2022 4,046 $ 2,210 8,601 8,282 1,483 3,132 14,130 13,624 25,217 25,952 915 1,596 40,262 $ 41,172 Liabilities 7,418 S 7,759 5,204 3,977 12,622 11,736 14,683 15,439 27,305 27,175 24 Stockholders' equity 25 Common stock, and additional paid in capital 26 Retained earnings 5,398 4,952 7,559 9,045 27 Total stockholders' equity 12,957 13,997 28 29 Total liabilities and stockholders' equity $ 40,262 $ 41,172 30 31