Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment Common shares outstanding at beginning of year Common shares outstanding at end of year Earnings per share $ Current ratio Debt to assets ratio 2022 Free cash flow $ 2022 :1 % $ (c) Compute free cash flow for each year. 2022 2021 2021 $64,770 243,500 $ 2022 :1 25,400 % 87,660 83,400 (a) Compute earnings per share for 2022 and 2021 for Cullumber. (Round Earnings per share to 2 decimal places, e.g. $2.78 93,400 5,320 6,400 30,400 43,600 78,400 (b) Compute the current ratio and debt to assets ratio for each year. (Round ratio answers to 2 decimal places, e.g. 15.25 and percentage answers to 0 decimalplaces, e.g. 15%.) 2021 $42,880 208,500 2021 33,500 100,080 49,480 59,400 5,320 4,900 15,400 33,400 43,400
Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment Common shares outstanding at beginning of year Common shares outstanding at end of year Earnings per share $ Current ratio Debt to assets ratio 2022 Free cash flow $ 2022 :1 % $ (c) Compute free cash flow for each year. 2022 2021 2021 $64,770 243,500 $ 2022 :1 25,400 % 87,660 83,400 (a) Compute earnings per share for 2022 and 2021 for Cullumber. (Round Earnings per share to 2 decimal places, e.g. $2.78 93,400 5,320 6,400 30,400 43,600 78,400 (b) Compute the current ratio and debt to assets ratio for each year. (Round ratio answers to 2 decimal places, e.g. 15.25 and percentage answers to 0 decimalplaces, e.g. 15%.) 2021 $42,880 208,500 2021 33,500 100,080 49,480 59,400 5,320 4,900 15,400 33,400 43,400
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 32BE
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