Additional information for 2022 : 1. Net income was $26,000. 2. Sales on account were...
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Accounting
Additional information for 2022 : 1. Net income was $26,000. 2. Sales on account were $376,000. Sales returns and allowances amounted to $26,000. 3. Cost of goods sold was $199,000. 4. Net cash provided by operating activities was $56,000. 5. Capital expenditures were $26,000, and cash dividends were $12,000. Compute the following ratios at December 31,2022. (Round current ratio to 2 decimal places, es. 1.83 and all other answers to 1 decimal ploce, es. 1.8. Use 365 days for calculation.)
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