Assume the following cost of goods sold data for a company: 2017 1,600,000 2016 1,500,000 2015 1,200,000 If 2015 is the base year, what is the percentage increase in cost of goods sold from 2015 to 2017? 44.4% O 66.7% 33.3% 133.3% Current Attempt in Progress The condensed financial statements of Cullumber Company for the years 2016 and 2017 are presented as follows. (Amounts in thousa CULLUMBER COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment (net) $330 $360 600 530 500 430 120 160 1,550 1.480 140 140 420 380 530 510 $2,640 $2,510 $1.030 $920 450 420 1,160 1,170 $2.640 $2,510 Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity CULLUMBER COMPANY Income Statements For the Year Ended December 31 2017 2016 Sales revenue $3,840 $3,500 Costs and expenses Cost of goods sold Selling & administrative expenses Interest expense 1,085 1,020 2400 2,330 25 20 3,510 3,370 330 130 99 39 Total costs and expenses Income before income taxes Income tax expense Net income $231 $91 Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal places 1.83 and all other answers to 1 decimal places 1.80 1262 (a) Current ratio ) Inventory turnover. (Inventory on 12/31/15, was $340) 1d Profit margin (d) Return on assets. (Assets on 12/31/15, were $2,630) lel Return on common stockholders' equity (Stockholders' equity on 12/31/15, was $990) Debt to assets ratio d) Return on assets. (Assets on 12/31/15, were $2,630.) e) Return on common stockholders' equity. (Stockholders' equity on 12/31/15, was $990.) (1) Debt to assets ratio. (g) Times interest earned. 2017 2016 Current ratio Inventory turnover. Profit margin * Return on assets. * Return on common stockholders' equity. * Debt to assets ratio. Times interest earned. times times e Textbook and Media LUULUULUU-e9 The condensed financial statements of Carla Vista Co. for the years 2021 and 2022 are presented below. CARLA VISTA CO. Balance Sheets December 31 (in thousands) 2022 2021 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 590 520 Inventory 570 Prepaid expenses Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets 130 160 1,690 1,610 410380 130 130 530 510 $2,760 $2,630 $940 $910 660 560 1,160 1.160 $2,760 $2,630 Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity CARLA VISTA CO. Income Statements For the Year Ended December 31 (in thousands) 104 -00-OV C OOLUZIC/USSESSMens/ e s /D-143e-4102-07 CARLAVISTA CO. Income Statements For the Year Ended December 31 (in thousands) 2022 2021 Sales revenue $3,980 $3,640 Costs and expenses Cost of goods sold Selling & administrative expenses Interest expense Total costs and expenses 1.090 1.010 2400 2,330 10 20 3,500 3,360 480 280 192 112 $288 $168 Income before income taxes Income tax expense Net Income Compute the following ratios for 2022 and 2021. Round current ratio and inventory turnover to 2 decimal places. 1.83 and all other answers to 1 decimal places. 18 or 1261 a) Current ratio. b) Inventory turnover. (Inventory on December 31, 2020, was $360) lc Profit margin Id Return on assets. (Assets on December 31, 2020, were $2.450) lel Return on common stockholders' equity. (Equity on December 31, 2020, was $970) in Debt to awets ratio. Times interest earned 2022 2021 Current IDLIU. (b) Inventory turnover. (Inventory on December 31, 2020, was $360.) (c) Profit margin. (d) Return on assets. (Assets on December 31, 2020, were $2,450.) (e) Return on common stockholders' equity. (Equity on December 31, 2020, was $970.) (1) Debt to assets ratio. (8) Times interest earned. 2022 Current ratio. 2021 Inventory turnover. Profit margin Return on assets. Return on common stockholders' equity. Debt to assets ratio. Times interest earned. times times BLOSSOM COMPANY Balance Sheets December 31 2022 2021 Cash $ 21,630 $43,260 Accounts receivable (net) 100,940 86,520 Inventory Plant assets (net) Accounts payable 86,520 72,100 288,400 259,560 $497,490 $461,440 $ 72,100 $ 86,520 144,200 144,200 201,880 173,040 79,310 57,680 $497,490 $461,440 Mortgage payable (15%) Common stock, $10 par Retained earnings Additional information for 2022: 1. Net income was $32,400. 2. Sales on account were $376,500. Sales returns and allowances amounted to $26,700. 3. Cost of goods sold was $202,100. 4. Net cash provided by operating activities was $59.100. 5. Capital expenditures were $29.400, and cash dividends were $17,300. Compute the following ratios at December 31, 2022. (Round current ratio and Inventory turnover to 2 decimal places. e. 1.83 and all other (a) Current ratio. -Net income was $32,400. Sales on account were $376,500. Sales returns and allowances amounted to $26,700. 3. Cost of goods sold was $202,100. 4. Net cash provided by operating activities was $59,100. 5. Capital expenditures were $29,400, and cash dividends were $17,300. Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) (a) Current ratio. (b) Accounts receivable turnover. times (c) Average collection period. days (d) Inventory turnover. times (e) Days in inventory. days (f) Free cash flow. e Textbook and Media