Question: 3A: Cullumber Company has three comparative balance sheet data Note: Please review screehsh ots and provide correct answers.... Need Correct answer for Free cash Flow
3A: Cullumber Company has three comparative balance sheet data
Note: Please review screehsh
ots and provide correct answers.... Need Correct answer for Free cash Flow
View Policies Show Attempt History Current Attempt in Progress - Your answer is partially correct. Cullumber Company has these comparative balance sheet data: Additional information for 2022: 1. Net income was $34,000. 2. Sales on account were $383,300. Sales returns and allowances amounted to $26,600. 3. Cost of goods sold was $200,600. 4. Net cash provided by operating activities was $59,000. 5. Capital expenditures were $26,400, and cash dividends were $16,500. Additional information for 2022 : 1. Net income was $34,000. 2. Sales on account were $383,300. Sales returns and allowances amounted to $26,600. 3. Cost of goods sold was $200,600. 4. Net cash provided by operating activities was $59,000. 5. Capital expenditures were $26,400, and cash dividends were $16,500. Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
