The comparative statements of Cullumber Company are presented here. Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Assets Current assets Interest expense Income before income taxes Income tax expense Net income Cash CULLUMBER COMPANY Income Statements For the Years Ended December 31 Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders Equity Total current abilities $172,800 $157,002 46.980 41.30 202.392 237,600 214.000 338.472 324.000 2022 $1.993,400 $21.004 1,107,000 All sales were on account. Net cnh provided by operating activities for 2022 5237600 faca 183 1878) 886,400 540,000 346,400 CULLUMBER COMPANY Balance Sheets December 31 23.760 322.640 96.792 $225.848 2022 2021 $1,855.000 1,086,480 768,520 79,920 127,224 517,320 136,080 251,200 21.600 229,600 68,880 $64,908 $69,336 $160.720 2021 54,000 111,024 124,740 408,132 700,920 $1.109,052 $921.024 359.100 561.924 de $64.00
The comparative statements of Cullumber Company are presented here. Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Assets Current assets Interest expense Income before income taxes Income tax expense Net income Cash CULLUMBER COMPANY Income Statements For the Years Ended December 31 Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders Equity Total current abilities $172,800 $157,002 46.980 41.30 202.392 237,600 214.000 338.472 324.000 2022 $1.993,400 $21.004 1,107,000 All sales were on account. Net cnh provided by operating activities for 2022 5237600 faca 183 1878) 886,400 540,000 346,400 CULLUMBER COMPANY Balance Sheets December 31 23.760 322.640 96.792 $225.848 2022 2021 $1,855.000 1,086,480 768,520 79,920 127,224 517,320 136,080 251,200 21.600 229,600 68,880 $64,908 $69,336 $160.720 2021 54,000 111,024 124,740 408,132 700,920 $1.109,052 $921.024 359.100 561.924 de $64.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please solve for earnings per share, return on common stockholders equity , accounts receivable turnover, accounts receivable turnover, average collection period, inventory turnover, days in inventory, times interest earned, asset turnover, debt to assets ratio, and free cash flow
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