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The comparative statements of Wahlberg Company are presented here: Wahlberg CompanyIncome StatementsFor the Years Ended December 31 2019 2018 Net sales $1,890,540 $1,750,500 Cost of

The comparative statements of Wahlberg Company are presented here:

Wahlberg CompanyIncome StatementsFor the Years Ended December 31

2019

2018

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

Income before income taxes

310,000

245,500

Income tax expense

92,000

73,000

Net income

$218,000

$172,500

Wahlberg CompanyBalance SheetsDecember 31

Assets

2019

2018

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

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 2019 was $239,000. Capital expenditures were $136,000, and cash dividends were $59,100.Compute the following ratios for 2019.?

(a) Earnings per share $

image

(b) Return on common stockholders? equity

image

%
(c) Return on assets

image

%
(d) Current ratio

image

:1
(e) Accounts receivable turnover

image

times
(f) Average collection period

image

days
(g) Inventory turnover

image

times
(h) Days in inventory

image

days
(i) Times interest earned

image

times
(j) Asset turnover

image

times
(k) Debt to assets ratio

image

%
(l) Free cash flow $

image

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