The comparative statements of Wahlberg Company are presented here.

WAHLBERG COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales $1,890,540 $1,750,500 Cost of goods sold 1,058,540 1,006,000 Gross profit 832,000 744,500 Selling and administrative expenses 500,000 479,000 Income from operations 332,000 265,500 Other expenses and losses Interest expense 22,000 20,000 LO15 Income before income taxes 310,000 245,500 Income tax expense 92,000 73,000 Net income $ 218,000 $ 172,500 WAHLBERG COMPANY Balance Sheets December 31 Assets 2017 2016 Current assets Cash $ 60,100 $ 64,200 Debt investments (short-term) 74,000 50,000 Accounts receivable 117,800 102,800 Inventory 126,000 115,500 Total current assets 377,900 332,500 Plant assets (net) 649,000 520,300 Total assets $1,026,900 $852,800 Liabilities and Stockholders’ Equity 2017 2016 Current liabilities Accounts payable $ 160,000 $145,400 Income taxes payable 43,500 42,000 Total current liabilities 203,500 187,400 Bonds payable 220,000 200,000 Total liabilities 423,500 387,400 Stockholders’ equity Common stock ($5 par) 290,000 300,000 Retained earnings 313,400 165,400 Total stockholders’ equity 603,400 465,400 Total liabilities and stockholders’ equity $1,026,900 $852,800 All sales were on account. Net cash provided by operating activities for 2017 was $220,000.
Capital expenditures were $136,000, and cash dividends were $70,000.
Instructions Compute the following ratios for 2017.

(a) Earnings per share. (g) Inventory turnover.

(b) Return on common stockholders’ equity. (h) Days in inventory.

(c) Return on assets. (i) Times interest earned.

(d) Current ratio. (j) Asset turnover.

(e) Accounts receivable turnover. (k) Debt to assets ratio.

(f) Average collection period. (l) Free cash fl ow.