The comparative statements of Bonita Company are presented here. Bonita Company Income Statements For the Years...
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The comparative statements of Bonita Company are presented here. Bonita Company Income Statements For the Years Ended December 31 2022 $1,810,600 1,012,200 798,400 515,200 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income 283,200 17,300 265,900 81,100 $184,800 2021 $1,746,200 984,000 762,200 479,600 282,600 13,300 269,300 76,300 $ 193,000 Assets Current assets Cash Debt investments (short-term) Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets Bonita Company Balance Sheets December 31 Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable 2022 $59,500 68,200 117,100 124,000 368,800 598,600 $967,400 $159,200 43,800 2021 $63,100 49,800 102,100 114,400 329,400 519,300 $848,700 $144,800 41,200 Income taxes payable Total current liabilities Bonds payable 43,800 203,000 Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity 544,400 Total liabilities and stockholders' equity $967,400 (a) 220,000 Earnings per share 423,000 278,300 266,100 41,200 186,000 200,000 386,000 All sales were on credit. Net cash provided by operating activities for 2022 was $225,000. Capital expenditures were $141,000, and cash dividends paid were $82,200. 299,200 163,500 462,700 $848,700 Compute the following ratios for 2022. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 or 1.65:1. and all other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation.) 3.32 (a) (b) (c) (d) (e) (f) (g) (h) (1) Earnings per share (k) Return on common stockholders' equity Return on assets Current ratio Accounts receivable turnover Average collection period Inventory turnover (i) Times interest earned Days in inventory Asset turnover Debt to assets ratio 69 3.32 33.9 % 19.1 1.82 16.5 22.1 8.5 43 16.4 1.99 43.7 :1 times days times days times times % The comparative statements of Bonita Company are presented here. Bonita Company Income Statements For the Years Ended December 31 2022 $1,810,600 1,012,200 798,400 515,200 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income 283,200 17,300 265,900 81,100 $184,800 2021 $1,746,200 984,000 762,200 479,600 282,600 13,300 269,300 76,300 $ 193,000 Assets Current assets Cash Debt investments (short-term) Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets Bonita Company Balance Sheets December 31 Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable 2022 $59,500 68,200 117,100 124,000 368,800 598,600 $967,400 $159,200 43,800 2021 $63,100 49,800 102,100 114,400 329,400 519,300 $848,700 $144,800 41,200 Income taxes payable Total current liabilities Bonds payable 43,800 203,000 Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity 544,400 Total liabilities and stockholders' equity $967,400 (a) 220,000 Earnings per share 423,000 278,300 266,100 41,200 186,000 200,000 386,000 All sales were on credit. Net cash provided by operating activities for 2022 was $225,000. Capital expenditures were $141,000, and cash dividends paid were $82,200. 299,200 163,500 462,700 $848,700 Compute the following ratios for 2022. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 or 1.65:1. and all other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation.) 3.32 (a) (b) (c) (d) (e) (f) (g) (h) (1) Earnings per share (k) Return on common stockholders' equity Return on assets Current ratio Accounts receivable turnover Average collection period Inventory turnover (i) Times interest earned Days in inventory Asset turnover Debt to assets ratio 69 3.32 33.9 % 19.1 1.82 16.5 22.1 8.5 43 16.4 1.99 43.7 :1 times days times days times times %
Expert Answer:
Answer rating: 100% (QA)
a Earning per share 320 b Return on common stockholders equity 3670 c Return on assets 3043 d Current ratio 182 1 e Account receivable turnover 1652 t... View the full answer
Related Book For
Managerial Accounting Tools For Business Decision Making
ISBN: 9781119754053
9th Edition
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
Posted Date:
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