Amment on the relative profitability of the companies by computing the 2022 return on assets and the rerum on common stockholders equity for both companies. 32A (LO3), AP The comparative statements of Wahlberg Company are presented here income statement data for Duke Company and Lord . heir Company Computer Wahlberg Company Income Statements For the Years Ended December 31 2022 $1,890,540 1,058,540 832,000 500,000 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income 2021 $1,750,500 1,006,000 744.500 479,000 265,500 332.000 22,000 310,000 92,000 20.000 245,500 73.000 $ 172,500 $ 218.000 Wahlberg Company Balance Sheets December 31 2022 2021 Assets $ 64,200 50,000 102,800 115,500 Current assets Cash Debt investments (short-term) Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets $ 60,100 74,000 117,800 126,000 377,900 649,000 $1,026,900 332.500 520,300 $852,800 Financial Analysis: The Big Picture 2022 2021 $145,400 42.000 187,400 200,000 387,400 Liabilities and Stockholders' Equity Current liabilities $ 160,000 Accounts payable 43.500 Income taxes payable 203,500 Total current liabilities 220,000 Bonds payable 423.500 Total liabilities Stockholders' equity Common stock (S5 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 credit. Net cash provided by operating activities for 2022 was $220,000. Capital expen ditures were $136.000, and cash dividends paid were $70,000. Instructions Compute the following ratios for 2022. 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. 1. Free cash flow