Question: Cullumber Company has these comparative balance sheet data: Additional information for 2022: 1. Net income was $35,400. 2. Sales on account were $383,500. Sales returns


Cullumber Company has these comparative balance sheet data: Additional information for 2022: 1. Net income was $35,400. 2. Sales on account were $383,500. Sales returns and allowances amounted to $26,600. 3. Cost of goods sold was $223,400. 4. Net cash provided by operating activities was $56,200. 5. Capital expenditures were $28,300, and cash dividends were $19,200. Compute the following ratios at December 31, 2022. (Round current ratio to 2 decimal places, e.g. 1 1 decimal place, e.g. 1.8. Use 365 days for calculation.) Compute the following ratios at December 31,2022 . (Round current ratio to 2 decimal places, e.g. 1.83 1 decimal place, e.g. 1.8. Use 365 days for calculation.)
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