Please do not give solution in image format thanku Vaughn Company has these comparative balance sheet data:CashVaughn CompanyBalance SheetsDecember 31Accounts receivable (net)InventoryPlant assets (net)Accounts payableBonds payable (15%)Common stock, $10 parRetained earnings2022$ 15,00070,00059,000205,000$349,000$50,000109,500135,50054,000$349,0002021$ 30,00061,00050,000177,000$318,000$61,000109,500120,00027,500$318,000 Additional information for 2022:1.2.3.4.5.6.Net income was $25,000.Sales on account were $413,400. Sales returns and allowances amounted to $25,000.Cost of goods sold was $196,200.Net cash provided by operating activities was $44,900.Capital expenditures were $25,200, and cash dividends paid were $9,400.The bonds payable are due in 2035.Compute the following ratios at December 31, 2022. (Round current ratio to 2 decimal places, e.g. 1.67. Round Accounts receivableturnover, Average collection period, Inventory turnover and Days in inventory to 1 decimal place, e.g. 1.6.)TInventory turnoverDays in inventoryFree cash flow$timesdays

Ratio: It implies to a financial relationship between the quantities of two or more than two…

vaugnn Cash mpany has these comparative balance sheet data! Inventory Accounts receivable (net) Vaughn Company Balance Sheets December 31 Plant assets (net) Accounts payable Bonds payable (15%) Common stock, $10 par Retained earnings 2022 $ 15,000 70,000 59,000 205,000 $349,000 $50,000 109,500 135,500 54,000 $349,000 2021 $ 30,000 61,000 50,000 177,000 $318,000 $61,000 109,500 120,000 27,500 $318,000

vaugnn Cash mpany has these comparative balance sheet data! Inventory Accounts receivable (net) Vaughn Company Balance Sheets December 31 Plant assets (net) Accounts payable Bonds payable (15%) Common stock, $10 par Retained earnings 2022 $ 15,000 70,000 59,000 205,000 $349,000 $50,000 109,500 135,500 54,000 $349,000 2021 $ 30,000 61,000 50,000 177,000 $318,000 $61,000 109,500 120,000 27,500 $318,000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 6MCQ

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