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The comparative statements of Sunland Company are presented here. SUNLAND COMPANY Income Statements For the Years Ended DecemSUNLAND COMPANY Balance Sheets December 31 Assets 2022 2021 Current assets Cash $ 70,918 $75,756 Debt investments (short-term

All sales were on account. Net cash provided by operating activities for 2022 was $259,600. Capital expenditures were $160,48

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Above question is about to find out ratios . Refer below images for the above mentioned questions in a detailed way of solution.Solution: a) Earnings per Share = Net income - preferred dividend weighted Average no of shares outstanding - $248808 - 40 -Return on assets - Net income Average total Assets = $ 248808 [ $ 1211742 + $ 100 6304] - $ 248808 $ 1109023 = 22.4% correntf) Average collection period = 365 days Accounts receivable Turnover ratio - 365 16.7 = 2109 days 9 Inventory turnover = costi) Asset turnover = Net Sales Average total Assets - $ 2178400 (91211742 + $ 1006304 2. - $2178400 = 1096 times $ 1109023 +10

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