Cullumber Company Income Statements For the Years Ended December 31 2020 Net sales $1,899,240 Cost of goods sold 1,067,240 Gross profit 832.000 Selling and administrative expenses 508,700 Income from operations 323,300 2019 $1,759,200 1,014,700 744.500 487,700 256,800 Other expenses and losses Interest expense 23,200 21,200 Income before income taxes Income tax expense 300,100 235.600 93.200_ 74.200 $206,900 $161.400 Net income Cullumber Company Balance Sheets December 31 Assets 2020 2019 Current assets Cash $60,100 $64,200 Debt investments (short-term) 74.000 50.000 Accounts receivable Inventory Total current assets 126,500 111,500 127.200 116,700 387,800 342.400 663.000 534.300 $1,050,800 $876,700 Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable $168,700 44,700 $154,100 43.200 Income taxes payable Total current liabilities Bonds payable 213.400 234.000 447.400 197,300 214.000 411.300 Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings 290.000 300.000 313.400 165.400 603.400 465.400 $1,050.800 $876.700 Total stockholders' equity Total liabilities and stockholders' equity All sales were on account. Net cash provided by operating activities for 2020 was $246,000. Capital expenditures were $135,000, and cash dividends were $58,900. 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, eg. 1.83 or 1.83%. Use 365 days for calculation.) (a) (b) Earnings per share Return on common stockholders' equity (c) Return on assets (d) Current ratio (e) Accounts receivable turnover times (1) Average collection period days (g Inventory turnover times (h) Days in inventory days times () 0 (K) Times interest earned Asset turnover times Debt to assets ratio (1) Free cash flow