Question: Could you answer it, please? Additional information for 2022: 1. Net income was $33,900. 2. Sales on account were $395,200. Sales returns and allowances amounted

Could you answer it, please?
Could you answer it, please? Additional information for 2022: 1. Net income

Additional information for 2022: 1. Net income was $33,900. 2. Sales on account were $395,200. Sales returns and allowances amounted to $28,100. 3. Cost of goods sold was $217,500. 4. Net cash provided ty operating activities was $56$00. 5. Capital expenditures were $26,600 and cahtuividends were $20.800. Compute the following ratios at December 31,2022 . (Round current rutio and inventary turnover to 2 decima ploces, es. 1.83 and all other answers to 1 decimal plsce es 1.8. Use 365 doys for calculotion)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!