Solution-Compute working capital and current ratios for

Compute working capital and current ratios for each company

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Reference no: EM133139325

Question - Comparative financial statement data for Sunland Corporation and Culver Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022.

	Sunland Corporation	Culver Corporation
	2022	2022
Net sales	$2,484,000	$855,600
Cost of goods sold	1,621,500	469,200
Operating expenses	390,540	135,240
Interest expense	12,420	5,244
Income tax expense	117,300	49,680
Current assets	439,339	200,070
Plant assets (net)	734,160	192,825
Current liabilities	91,529	46,528
Long-term liabilities	149,730	56,144

Required -

1. Compute working capital and the current ratios for each company for 2022.

2. Compute the debt to assets ratio for each company for 2022.

Reference no: EM133139325

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Compute working capital and current ratios for each company

Reference no: EM133139325

Reference no: EM133139325

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