Full Question: The comparative statements of Wildhorse Company are presented here.

Wildhorse Company Income Statements For the Years Ended December 31
		2025		2024
Net sales		$1,882,400		$1,750,000
Cost of goods sold		1,047,000		1,026,120
Gross profit		835,400		723,880
Selling and administrative expenses		510,000		488,580
Income from operations		325,400		235,300
Other expenses and losses
Interest expense		22,440		20,400
Income before income taxes		302,960		214,900
Income tax expense		90,888		64,470
Net income		$212,072		$150,430

Wildhorse Company Balance Sheets December 31
		2025		2024
Assets
Current assets
Cash		$61,302		$65,484
Debt investments (short-term)		75,480		51,000
Accounts receivable (net)		120,156		104,856
Inventory		128,520		117,810
Total current assets		385,458		339,150
Plant assets (net)		661,980		530,706
Total assets		$1,047,438		$869,856
Liabilities and Stockholders Equity
Current liabilities
Accounts payable		$163,200		$148,308
Income taxes payable		44,370		42,840
Total current liabilities		207,570		191,148
Bonds payable		224,400		204,000
Total liabilities		431,970		395,148
Stockholders equity
Common stock ($5 par)		295,800		306,000
Retained earnings		319,668		168,708
Total stockholders equity		615,468		474,708
Total liabilities and stockholders equity		$1,047,438		$869,856

All sales were on credit. Net cash provided by operating activities for 2025 was $224,400. Capital expenditures were $138,720, and cash dividends paid were $61,112. Compute the following ratios for 2025. (Round Debt to asset ratio and Free cash flow to 0 decimal places, e.g. 15 or 15%, Earnings per share, Return on assets, Current ratio and Asset turnover to 2 decimal places, e.g. 1.83 or 1.83% and all other answers to 1 decimal place, e.g. 1.8 or 1.8%. Use 365 days for calculations.)

5. Please HELP!!! Answers: A, B, C, J and L are wrong. I need help to correct them.

Wildhorse Company Balance Sheets December 31
		2025		2024
Assets
Current assets
Cash		$61,302		$65,484
Debt investments (short-term)		75,480		51,000
Accounts receivable (net)		120,156		104,856
Inventory		128,520		117,810
Total current assets		385,458		339,150
Plant assets (net)		661,980		530,706
Total assets		$1,047,438		$869,856
Liabilities and Stockholders Equity
Current liabilities
Accounts payable		$163,200		$148,308
Income taxes payable		44,370		42,840
Total current liabilities		207,570		191,148
Bonds payable		224,400		204,000
Total liabilities		431,970		395,148
Stockholders equity
Common stock ($5 par)		295,800		306,000
Retained earnings		319,668		168,708
Total stockholders equity		615,468		474,708
Total liabilities and stockholders equity		$1,047,438		$869,856

Answers: All sales were on credit. Net cash provided by operating activities for 2025 was $224,400. Capital expenditures were $138,720, and cash dividends paid were $61,112. Compute the following ratios for 2025. (Round Debt to asset ratio and Free cash flow to 0 decimal places, e.g. 15 or 15%, Earnings per share, Return on assets, Current ratio and Asset turnover to 2 decimal places, e.g. 1.83 or 1.83% and all other answers to 1 decimal place, e.g. 1.8 or 1.8%. Use 365 days for calculations.)

a.		Earnings per share		$enter a dollar amount rounded to 2 decimal places
b.		Return on common stockholders equity		enter percentages rounded to 1 decimal place	34%
c.		Return on assets		enter percentages rounded to 2 decimal places	22%
d.		Current ratio		enter ratio rounded to 2 decimal places	:1
e.		Accounts receivable turnover		enter a number of times rounded to 1 decimal place	times
f.		Average collection period		enter a number of days rounded to 1 decimal place	days
g.		Inventory turnover		enter a number of times rounded to 1 decimal place	times
h.		Days in inventory		enter a number of days rounded to 1 decimal place	days
i.		Times interest earned		enter times interest earned	times
j.		Asset turnover		enter a number of times rounded to 2 decimal places	19.6 times
k.		Debt to assets ratio		enter percentages rounded to 0 decimal places	41 %
l.		Free cash flow		$enter a dollar amount rounded to 0 decimal places $85,680