Please don't give image format Blossom ElectronicsIncome StatementFor the Year Ended December 31, 2022$663,000RevenuesExpensesCost of goods soldSelling and admin expensesInterest expenseTotal expensesIncome before income taxesIncome tax expenseNet income1.2.Additional data as of December 31, 2021: Inventory = $47,940; Total assets = $397,800; Common stockholders' equity = $112,200.Compute the following listed ratios for 2022. (Round answers to 2 decimal places, e.g. 1.83.)3.4.5.6.7.Current ratioDebt to assets ratioTimes interest earnedInventory turnoverProfit margin367,200153,000Return on assets30,600550,800112,20033,660$78,540Return on common stockholders' equity4100466.834.67DODO:1%timestimes%%% The condensed financial statements of Blossom Electronics for 2022 are presented below.Blossom ElectronicsBalance SheetDecember 31, 2022AssetsCurrent assetsCash and short-term investmentsAccounts receivableInventoriesTotal current assetsProperty, plant, and equipment (net)Total assetsLiabilities and Stokholders' EquityCurrent liabilitiesLong-term liabilitiesCommon stockholders' equityTotal liabilities and stockholders' equity$25,50032,64044,064102,204326,196$428,400$61,200225,114142,086$428,400

Formula:The current ratio has been computed below:DetailsTotal current assets (a) $ 102,204Total…

Additional data as of December 31, 2021: Inventory = $47,940; Total assets = $397,800; Common stockholders' equity Compute the following listed ratios for 2022. (Round answers to 2 decimal places, e.g. 1.83.) 1. 2. 3. 4. 5. 6. 7. Current ratio Debt to assets ratio Times interest earned Inventory turnover Profit margin Return on common stockholders' equity Return on assets 41004 66.83 4.67 1000 :1 % times times % %

Additional data as of December 31, 2021: Inventory = $47,940; Total assets = $397,800; Common stockholders' equity Compute the following listed ratios for 2022. (Round answers to 2 decimal places, e.g. 1.83.) 1. 2. 3. 4. 5. 6. 7. Current ratio Debt to assets ratio Times interest earned Inventory turnover Profit margin Return on common stockholders' equity Return on assets 41004 66.83 4.67 1000 :1 % times times % %

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 16E

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Atlantic Corporation reported the following financial statements: E (Click the icon to view the financial statements.) The company has 2,200 shares of common stock outstanding. What is Atlantic's earnings per share? (Round the earnings per share to two decimal places, X.XX. O A. $1.90 Financial Statements O B. $3.58 OC. $2.49 O D. 3.19 times Atlantic Corporation Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash and Cash Equivalents 2,052 $ 1,655 Accounts Receivable 1,951 1,731 Merchandise Inventory 1,342 1,094 1,615 1,817 Prepaid Expenses Total Current Assets 6,960 6,297 18,240 16,174 Other Assets 2$ 25,200 $ 22,471 Total Assets Liabilities Current Liabilities 24 7.087 $ 8,158 4,698 3,844 Long-term Liabilities Total Liabilities 11,785 12,002 Stockholders' Equity Common Stock, no par 7,015 4,169 6,400 6,300 Retained Earnings Click to select your an Total Stockholders' Equity 13,415 10,469 24 25,200 $ 22,471 Clear Al All parts showing Total…
The following information is available for Sunland Corporation for the year ended December 31, 2022: sales revenue $840,000, other revenues and gains $91,000, operating expenses $101,000, cost of goods sold $466,000, other expenses and losses $30,500, and preferred stock dividends $40,950. The company's tax rate was 20%, and it had 70,000 common shares outstanding during the entire year. (a) Your Answer Correct Answer Your answer is partially correct. Prepare a corporate income statement. (List other revenues before other expenses.)
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