D2L Individual Assignment - ACCT 6 X WP Question 5 of 6 - Individual Ass X ChatGPT x Course Hero X + X C go education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=520e7f51-cf37-4086-bocd-9eb9600c32f2#/question/4 . . . Individual Assignment Question 5 of 6 - /1 ... The following information comes from the accounting records of Cullumber Ltd. for the first three years of its existence: 2022 2023 2024 Statement of Financial Position Assets Cash $23,200 $20,900 $25,200 Accounts receivable 66,700 53,000 142,500 Inventory 109,000 134,000 238,000 Capital assets (net) 428,000 452,000 468,000 Other assets 240,000 209,000 268,900 $866,900 $868,900 $1,142,600 E Liabilities and equity Athletics ENG 10:33 PM Final result Q Search 9 US 2024-08-08D2L Individual Assignment - ACCT 6 X WP Question 5 of 6 - Individual Ass X ChatGPT x *Homework Help - Q&A from Or x | + X C go education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=520e7f51-cf37-4086-bocd-9eb9600c32f2#/question/4 . . . Individual Assignment Question 5 of 6 - /1 E ... Liabilities and equity Accounts payable $119,000 $59,500 $119,000 Long-term debt 184,000 234,000 468,000 Common shares 523,000 523,000 523,000 Retained earnings 40,900 52,400 32,600 $866,900 $868,900 $1,142,600 Statement of Earnings Sales $645,000 $810,000 $930,000 Cost of goods sold (412,800) (550,800) (669,600) Other expenses (165,000) (224,000) (222,000) 67,200 35,200 38,400 E Income tax (20,160) (10,560) (11,520) Athletics ENG 10:34 PM Final result Q Search 9 C E US 2024-08-08D2L Individual Assignment - ACCT 6 X WP Question 5 of 6 - Individual Ass X ChatGPT x *Homework Help - Q&A from Or x | + X C go education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=520e7f51-cf37-4086-bocd-9eb9600c32f2#/question/4 . . . Individual Assignment Question 5 of 6 - /1 E ... Long-term debt 184,000 234,000 468,000 Common shares 523,000 523,000 523,000 Retained earnings 40,900 52,400 32,600 $866,900 $868,900 $1,142,600 Statement of Earnings Sales $645,000 $810,000 $930,000 Cost of goods sold (412,800) (550,800) (669,600) Other expenses (165,000) (224,000) (222,000) 67,200 35,200 38,400 Income tax (20,160) (10,560) (11,520) Net income $47,040 $24,640 $26,880 E Athletics Q Search 9 ENG Final result 2 1) O 10:34 PM US 2024-08-08D2L Individual Assignment - ACCT 6 X WP Question 5 of 6 - Individual Ass X ChatGPT x *Homework Help - Q&A from Or x | + X C go education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=520e7f51-cf37-4086-bocd-9eb9600c32f2#/question/4 . . . Individual Assignment Question 5 of 6 - /1 E ... Based on above information, analyze the changes in the company's profitability and liquidity, in addition to the management of accounts receivable and inventory from 2022 to 2024. (Round answers to 1 decimal place, e.g. 13.5% or 13.5.) 2022 2023 2024 Sales % % % Cost of goods sold % % % Gross margin % % Other expenses % % % Income taxes % % Net income % % % E Athletics Q Search 9 ENG 10:34 PM Final result US 2024-08-08D2L Individual Assignment - ACCT 6 X WP Question 5 of 6 - Individual Ass X ChatGPT x *Homework Help - Q&A from Or x | + X C go education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=520e7f51-cf37-4086-bocd-9eb9600c32f2#/question/4 . . . Individual Assignment Question 5 of 6