ANSWER A IS NOT 3.61!!!

The comparative statements of Ivanhoe Company are presented here. IVANHOE COMPANY Income Statements For the Years Ended December 31 2022 Net sales $2,030,400 Cost of goods sold 1,127,000 Gross profit 903,400 Selling and administrative expenses 550,000 Income from operations 353.400 Other expenses and losses Interest expense 24.200 Income before income taxes 329,200 Income tax expense 98,760 Net income $ 230,440 2021 $1,890,000 1,106,600 783,400 526,900 256,500 22.000 234,500 70.350 $164,150 2021 $ 70,620 55,000 113,080 127,050 365,750 572,330 $938,080 IVANHOE COMPANY Balance Sheets December 31 Assets 2022 Current assets Cash $ 66,110 Debt investments (short-term) 81,400 Accounts receivable 129,580 Inventory 138,600 Total current assets 415,690 Plant assets (net) 713,900 Total assets $1,129,590 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 176.000 Income taxes payable 47,850 Total current liabilities 223.850 Bonds payable 242,000 Total liabilities 465,850 Stockholders' equity Common stock ($5 par) 319,000 Retained earnings 344,740 Total stockholders' equity 663,740 Total liabilities and stockholders' equity $1,129,590 $159,940 46,200 206,140 220,000 426,140 330,000 181,940 511,940 $938,080 All sales were on account. Net cash provided by operating activities for 2022 was $242,000. Capital expenditures were $149,600, and cash dividends were $67,640. Compute the following ratios for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) Compute the following ratios for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) (a) Earnings per share $ 3.61 (b) Return on common stockholders' equity 39.2 % (c) Return on assets 22.29 % (d) Current ratio 1.86 :1 (e) Accounts receivable turnover 16.7 times (1) Average collection period 22 days Inventory turnover 8.5 times (h) Days in inventory 42.9 days (0) Times interest earned 14.6 times 0) Asset turnover 1.96 times (k) Debt to assets ratio 0.41 % (1) Free cash flow $ 92400