Carla Vista Corporation Balance Sheets December 31, 2022
Assets
Cash $33,350
Receivables (net) $79,300
Other current assets $99,300
Long-term investments $62,000
Property, plant, and equipment (net) $519,300
Total assets $793,250
Liabilities and Stockholders Equity
Current liabilities $78,500
Long-term liabilities $89,300
Common stock $339,300
Retained earnings $286,150
Total liabilities and stockholders equity $793,250
Carla Vista Corporation Income Statements
For the Years Ended December 31, 2022
Sales revenue $797,000
Cost of goods sold $440,000
Operating expenses (including income taxes) $240,000
Net income $117,000
2021
Assets
Cash $22,800
Receivables (net) $71,300
Other current assets $82,300
Long-term investments $60,000
Property, plant, and equipment (net) $479,300
Total assets $715,700
Liabilities and Stockholders Equity
Current liabilities $73,500
Long-term liabilities $99,300
Common stock $309,300
Retained earnings $233,600
Total liabilities and stockholders equity $715,700
Carla Vista Corporation Income Statements
For the Years Ended December 31, 2021
Sales revenue $675,000
Cost of goods sold $400,000
Operating expenses (including income taxes) $220,000
Net income $55,000
Compute these values and ratios for 2021 and 2022. (Round ratios to 1 decimal place, e.g. 15.2.)
2021
2022
(a)
Working capital
$
$
(b)
Current ratio
:1
:1
()
Debt to assets ratio
%
%
(p)
Change in financial position from 2021 to 2022 of Carla Vista Corporation.
The liquidity, as shown by the working capital and the current ratio, has
The solvency, as shown by the debt to assets ratio, has
