Here are the comparative income statements of Cullumber Corporation. CULLUMBER CORPORATION Comparative Income Statement For the Years Ended December 31               2022   2021 Net sales   $639,400   $578,200 Cost of goods sold   464,800   433,400 Gross Profit   174,600   144,800 Operating expenses   70,500   43,000 Net income   $ 104,100   $ 101,800 (a) Prepare a horizontal analysis of the income statement data for Cullumber Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) CULLUMBER CORPORATION Comparative Income Statement choose the accounting period                                                           For the Years Ended December 31For the Month Ended December 31December 31           Increase or (Decrease) During 2022   2022   2021   Amount   Percentage Net sales $639,400   $578,200   $enter a dollar amount    enter percentages rounded to 1 decimal place % Cost of goods sold 464,800   433,400   enter a dollar amount   enter percentages rounded to 1 decimal place % Gross Profit 174,600   144,800   enter a dollar amount   enter percentages rounded to 1 decimal place % Operating expenses 70,500   43,000   enter a dollar amount   enter percentages rounded to 1 decimal place % Net income $ 104,100   $ 101,800   $enter a dollar amount    enter percentages rounded to 1 decimal place % (b) Prepare a vertical analysis of the income statement data for Cullumber Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%.) CULLUMBER CORPORATION Condensed Income Statements choose the accounting period                                                           For the Years Ended December 31For the Month Ended December 31December 31   2022   2021   $   Percent   $   Percent Net sales $639,400   enter percentages rounded to 1 decimal place %   $578,200   enter percentages rounded to 1 decimal place % Cost of goods sold 464,800   enter percentages rounded to 1 decimal place %   433,400   enter percentages rounded to 1 decimal place % Gross Profit 174,600   enter percentages rounded to 1 decimal place %   144,800   enter percentages rounded to 1 decimal place % Operating expenses 70,500   enter percentages rounded to 1 decimal place %   43,000   enter percentages rounded to 1 decimal place % Net income $ 104,100   enter percentages rounded to 1 decimal place %   $ 101,800   enter percentages rounded to 1 decimal place

Here are the comparative condensed income statements of Cheyenne Corporation. CHEYENNE CORPORATIONCondensed Income StatementsFor the Years Ended December 31               2022   2021 Net sales   $588,000   $490,000 Cost of goods sold   474,516   416,010 Gross profit   113,484   73,990 Operating expenses   80,556   44,100 Net income   $ 32,928   $ 29,890 (a)Prepare a horizontal analysis of the income statement data for Cheyenne Corporation, using 2021 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) CHEYENNE CORPORATIONCondensed Income Statementschoose the accounting period                                                                      Increase or (Decrease) During 2022   2022   2021   Amount   Percentage Net sales $588,000   $490,000   $enter a dollar amount    enter…

Financial statements for Askew Industries for 2024 are shown below (in thousands): 2024 Income Statement Net sales Cost of goods sold Gross profit Operating expenses Interest expense Income tax expense Net income Assets Cash Bonds payable Common stock Retained earnings $ 9,100 (6,325) 2,775 (2,125) Comparative Balance Sheets Accounts receivable Inventory Property, plant, and equipment (net) (210) (176) $264 Liabilities and Shareholders' Equity Current liabilities 1. Inventory turnover ratio 2. Average days in inventory 3. Receivables turnover ratio Required: Calculate the following ratios for 2024. 4. Average collection period 5. Asset turnover ratio December 31 6. Profit margin on sales 7. Return on assets 8. Return on equity 9. Equity multiplier 10. Return on equity (using the DuPont framework) 2024 $ 610 610 810 2,100 $ 4,130 $ 1,160 1,450 610 910 $ 4,130 Note: Consider 365 days a year. Round your intermediate calculations and final answers to 2 decimal places. times days times days…

Use the information provided from Sapphire Ltd calculate and comment on the following ratios:1. Profit margin2. Return on equity

Use the following selected 2019 balance sheet and income statement information for Homer Glen Supply Co. (in millions) to compute the gross profit percentage to the nearest hundredth of a percent. Net income $104,940 Select one: C O O O A. 44.26% B. 4.42% C. 8.56% D. 28.76% Gross profit on sales $1,050,600 Average total assets $631,050 Sales $2,373,882 Tax rate on operating profit 35%

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Here are comparative financial statement data for Vaughn Company and Mary Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities $ Long-term liabilities Common stock, $10 par Retained earnings (a) Vaughn Company Dollars 2022 $1,842,000 1,040,730 268,932 9,210 53,418 323,500 $314,800 520,500 501,500 64,000 109,000 497,500 173,500 $ 2021 74,800 Vaughn Company 91,000 497,500 153,000 Dollars I Condensed Income Statement Percent % 2022 % Mary Company $561,000 297,330 77.979 3,927 Prepare a vertical analysis of the 2022 income statement data for Vaughn Company and Mary Company. (Round percentages to 1 decimal place, e.g. 12.1%) 83,200 6,732 30,600 138,300 125,400 34,000 28,600 Vaughn Company 2021 4 $78,600 117,000 117,000 39,900 $ 24,200 Condensed Income Statement 34,200 Percent Dollars % % % % % % % % % $ Mary Company…

Oriole Company's income statement contained the following condensed information ORIOLE COMPANY Income Statement For the Year Ended December 31, 2022 Service revenue Operating expenses, excluding depreciation $624.500 Depreciation expense Loss on disposal of plant assets Income before income taxes Income tax expense Net income Accounts receivable Accounts payable Income taxes payable 2022 $74,400 40.300 Oriole's balance sheets contained the comparative data at December 31, shown below. 12.900 2021 54,600 $61000 27.000 6.400 24.100 $972,000 703,200 268,800 40,100 $228.700 Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a-sign e.g.-15.000 or in parenthesis e.g. (15.000))

Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021–2015 ($ thousands) 2021 2020 2019 2018 2017 2016 2015 Sales $ 2,260 $ 1,979 $ 1,801 $ 1,651 $ 1,540 $ 1,432 $ 1,174 Cost of goods sold 1,625 1,322 1,137 995 925 865 689 Gross profit 635 657 664 656 615 567 485 Operating expenses 483 378 347 256 222 219 182 Net income $ 152 $ 279 $ 317 $ 400 $ 393 $ 348 $ 303 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021–2015 ($ thousands) 2021 2020 2019 2018 2017 2016 2015 Assets Cash $ 111 $ 147 $ 153 $ 156 $ 162 $ 160 $ 165 Accounts receivable, net 800 840 760 583 514 487 343 Merchandise inventory 2,893 2,106 1,840 1,551 1,393 1,183 858 Other current assets 74 67 41 74 62 63 33 Long-term investments 0 0 0 228 228 228 228 Plant assets, net 3,541 3,527 3,086 1,740 1,799 1,599 1,373 Total assets $ 7,419 $ 6,687 $ 5,880 $ 4,332 $ 4,158 $ 3,720 $ 3,000 Liabilities and…

Provided below are the financial statements for J Ltd.: Income statement Balance Sheet Net sales $984 2021 2020 Assets Cost of goods sold $752 Current assets $452 $354 Depreciation $27 Long-term assets $389 $374 EBIT $205 Total assets $841 $728 Interest expense $25 Liabilities and shareholders' equity Current liabilities $247 $164 Income before taxes $180 Long-term debt $157 $145 Taxes $27 Shareholders' equity $437 $419 Net income $153 Total liabilities and shareholders' equity $841 $728 Calculate economic value added (EVA), assuming cost of capital is 7.5%. (Round all the intermediate calculations and the final answer to 2 decimal places) $131.95 $135.70 $98.40 $129.70