Compute the net income and earnings per share for each company for 2022. (Round Earnings per share to 2 decimal places, eg $2.78.)Culver Corporation(b)Flint Corporation $Culver CorporationFlint Corporation(c)Net Income$Compute working capital and the current ratio for each company for 2022. (Round current ratio to 1 decimal place, eg.0.7:1)Culver CorporationFlint CorporationWorking CapitalSS400050Debt to AssetsEarnings per share$N$Current RatioCompute the debt to assets ratio and the free cash flow for each company for 2022. (Round debt to assets to 1 decimal place, eg. 78.9%Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45))Free Cash Flow$54 :154.416000111340 Comparative financial statement data for Culver Corporation and Flint Corporation, two competitors, appear below. All balance sheetdata are as of December 31, 2022.Net salesCost of goods soldOperating expensesInterest expenseIncome tax expenseCurrent assetsPlant assets (net)Current liabilitiesLong-term liabilitiesNet cash common by operating activitiesCapital expendituresDividends paid on common stockWeighted-average common shares outstandingCulver Corporation2022$2,412,0001.574,500379,2209,080114,000488,950710,05088,900138,910184,920120,60048,24080,000Flint Corporation2022$830,800455,600131,3203,14048,240198,880185,02045,20031.58048,24026,80020,10050,000

The current ratio is a measure that helps to evaluate liquidity, for example, can it meet short-term…

Comparative financial statement data for Culver Corporation and Flint Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Net cash common by operating activities Capital expenditures Dividends paid on common stock Culver Corporation 2022 $2,412,000 1.574,500 379,220 9,080 114,000 488,950 710,050 88,900 138,910 184,920 120,600 48,240 Flint Corporation 2022 $830,800 455,600 131,320 3,140 48,240 198,880 185,020 45.200 31,580 48,240 26,800 20,100

Comparative financial statement data for Culver Corporation and Flint Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Net cash common by operating activities Capital expenditures Dividends paid on common stock Culver Corporation 2022 $2,412,000 1.574,500 379,220 9,080 114,000 488,950 710,050 88,900 138,910 184,920 120,600 48,240 Flint Corporation 2022 $830,800 455,600 131,320 3,140 48,240 198,880 185,020 45.200 31,580 48,240 26,800 20,100

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter17: Financial Statement Analysis

Section17.4: Analyzing Financial Statements Using Financial Ratios

Problem 1WT

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