4.

Current Attempt in Progress The following financial information is for Sandhill Company. SANDHILL COMPANY Balance Sheets December 31 Assets 2022 Cash $ 72,800 Debt investments (short-term) 51,000 Accounts receivable 108.000 Inventory 235,000 Prepaid expenses 26,000 Land 133.000 Building and equipment (net) 264.000 Total assets $889.800 Liabilities and Stockholders' Equity Notes payable $172880 Accounts payable 69.000 Accrued liabilities 40,000 Bonds payable, due 2025 252.000 Common stock. $10 par 208.000 Retained earnings 147.920 Total liabilities and stockholders equity $889.800 2021 $68,970 40,000 89,000 169.000 29,000 133,000 189,000 $717,970 $107.000 50,000 40,000 169.000 208.000 143,970 $717,970 SANDHILL COMPANY Income Statements For the Years Ended December 31 2022 2021 Sales revenue $896.350 5783.200 Cost of goods told 546.400 572 000 hp Question 4 of 4 /10 SANDHILL COMPANY Income Statements For the Yeas Ended December 31 20222 2021 Sales revenue $896,350 $783,200 Cost of goods sold 646,400 572,000 Gross profit 249,950 211.200 Operating expenses 196.169 160,292 Net income $ 53,781 $ 50.908 Additional information 1 2 3 4 Inventory at the beginning of 2021 was $117.000 Accounts receivable (net) at the beginning of 2021 were $89.000 Total assets at the beginning of 2021 were $632.000 No common stock transactions occurred during 2021 or 2022 All sales were on account 5. tal) Compute the liquidity and profitability ratio of Sandhill Company for 2021 and 2022. Round current ratio, cue timover and corings per share to 2 decimal places 183 and all other answers to 1 decimal place, 18 of charge is a decrease show the numbers as negative -183 1 2022 2021 LIQUIDITY Current ratio (hp Question 4 of 4 5 -/10 (21) Compute the liquidity and profitability ratios of Sandhill Company for 2021 and 2022. Round cartrute, esse moved coming per how to decinal planet. and allow to I decimal places 1. roxchange a dowow the number one 11.30 2022 2021 LIQUIDITY Current ratio :1 :1 times times Accounts receivables turnover times times Inventory turnover 2022 2021 Chan PROFITABILITY Profit margin times times Asset turnover Return on assets Earnings per share $ eTextbook and Media Attempts of used