Income statements and balance sheets data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 Net sales Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income Assets Current assets: 2025 $3,520,000 2,482,000 1,038,000 957,000 32,000 0 19,000 8,200 1,016, 200 21,800 2024 $3,046,000 1,952,000 1,094,000 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 860,000 28,000 8,200 16,000 49,000 961,200 132,800 2025 2024 2023

Here are comparative financial statement data for Bramble Company and Debra 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 Bramble Company 2022 $1,896,000 1.020,048 257,856 Return on assets 7,584 54,984 322,500 520,800 O 64,200 Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings 2021 Return on common stockholders' equity 520,800 64,200 Debra Company $561,000 297,330 79,662 3,927 6,171 $310,000 83,500 $78,000 500,300 139,800 123,000 75,600 29,600 108,400 498,000 172,700 2022 34,400 500,300 2021 498,000 146,300 Bramble Company 75,600 90,400 67.2 % % 139,800 34,400 28,400 122,500 Compute the 2022 return on assets and the return on common stockholders' equity ratios for both companies. (Round answers to 1 decimal place, eg. 12.1%) 38,000 123,000 Debra Company 29,600…

The following income statement and balance sheets for The Athletic Attic are provided.  THE ATHLETIC ATTIC     Income Statement     For the year ended December 31, 2021     Net sales   $8,740,000 Cost of goods sold   5,370,000 Gross profit   3,370,000 Expenses:     Operating expenses $1,520,000   Depreciation expense 194,000   Interest expense 34,000   Income tax expense 344,000   Total expenses   2,092,000 Net income   $1,278,000   THE ATHLETIC ATTIC     Balance Sheets     December 31       2021 2020 Assets     Current assets:     Cash $148,000 $198,000 Accounts receivable 710,000 730,000 Inventory 1,325,000 995,000 Supplies 94,000 69,000 Long-term assets:     Equipment 1,070,000 1,070,000 Less: Accumulated depreciation (388,000) (194,000) Total assets $2,959,000 $2,868,000 Liabilities and Stockholders' Equity     Current liabilities:     Accounts payable $99,000 $75,000 Interest payable 0 3,400 Income tax payable…

View Policies Current Attempt in Progress Assume Sunland Company has the following reported amounts: Sales revenue $1,000,000, Sales returns and allowances $29,000, Cost of goods sold $649.599, and Operating expenses $215,600. (a) Compute net sales. Net sales $ (b) Compute gross profit. Gross profit S (c) Compute income from operations.