2019 $1,756,200 1,011,700 Cullumber Company Income Statements For the Years Ended December 31 2020 Net sales $1,896,240 Cost of goods sold 1,064,240 Gross profit 832,000 Selling and administrative expenses 505,700 Income from operations 326,300 Other expenses and losses Interest expense 23,300 Income before income taxes 303,000 Income tax expense 93,300 Net income $209,700 744,500 484,700 259,800 21,300 238,500 74,300 $164,200 Cullumber Company Balance Sheets December 31 Assets 2020 2019 Current assets Cash Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) $60,100 74,000 123,500 127,300 384,900 661,000 $1,045,900 $64,200 50,000 108,500 116,800 339,500 532,300 $871,800 Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable $165,700 44,800 210,500 $151,100 43,300 194,400 232,000 212,000 Total liabilities 442,500 406,400 290,000 300,000 Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 313,400 165,400 465,400 603,400 $1,045,900 $871,800 All sales were on account. Net cash provided by operating activities for 2020 was $238,000. Capital expenditures were $135,000, and cash dividends were $61,700. Compute the following ratios for 2020. (Round free cash flow to O decimal places, e.g. 5,275 and all other answers to 2 decimal places, e.g. 1.83 or 1.83%. Use 365 days for calculation.) (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets (d) Current ratio (e) Accounts receivable turnover times (6) Average collection period days (9) Inventory turnover times (h) Days in inventory days (0) Times interest earned times 6) Asset turnover times (k) Debt to assets ratio (1) Free cash flow