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Doors Inc.$$s condensed income statement and balance sheet for the years $2022$ and $2021$ follow.

Accounts Receivable increased $20$ percent from $2021$ to $2022.$

There were no new purchases of land, property, or equipment in $2022.$

Accounts Payable decreased $20$ percent from $2021$ to $2022.$

No new shares of common stock were issued in $2022.$

The company paid out cash dividends of $$75,260$ in $2022.$

The inventory turnover ratio for $2022$ was $6$ times.

The asset turnover ratio in $2022$ was $2\mathrm{.}5$ times and in $2021$ was $2\mathrm{.}3$ times.

The earnings per share in $2022$ was $$56\mathrm{.}72$ and in $2021$ was $$41\mathrm{.}84.$

The effective income tax rate in both years was $20$ percent.

Required:

Complete Doors Inc.$$s condensed Income Statement and Balance Sheet for years $2022$ and $2021.$

Analyze:

Assume that the management of Doors Inc. had been given a directive by the board of directors to improve the company$$s current ratio in $2022.$ Did the company improve its standing in this regard from the prior year?Complete this question by entering your answers in the tabs below.

Income Stmt Balance Sheet

Complete Doors Inc.$\text{'}$s condensed Income Statement for years $2022$ and $2021.$Complete this question by entering your answers in the tabs below.

Complete Doors Inc.$\text{'}$s condensed Balance Sheet for years $2022$ and $2021.($Amounts to be deducted should be

a minus sign.$)$

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