gnment Vues The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 Net sales $1,818,700 Cost of goods sold 1,007,700 Gross profit 811,000 Selling and administrative expenses 518,400 Income from operations 292,600 Other expenses and losses Interest expense 17,600 Income before income taxes 275,000 Income tax expense 80,180 Net income $ 194,820 2019 $1,749,800 987,000 762,800 480,200 282,600 14,300 268,300 77,300 $ 191,000 Wahlberg Company Balance Sheets December 31 Assets 2020 2019 Current assets Cash Debt investments (short-term) Accounts receivable $60,200 69,600 117,400 $64,200 49,900 101,300 Da ignment CALCULATOR FULL SCREEN PRINTER VERSION 4 December 2020 2019 Assets Current assets Cash $60,200 69,600 117,400 123,800 371,000 598,400 $969,400 $64,200 49,900 101,300 114,800 330,200 516,800 $847,000 Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $160,800 42,300 203,100 220,000 423,100 $145,500 42,200 187,700 200,000 387,700 277,700 268,600 546,300 $969,400 295,300 164,000 459,300 5847,000 All sales were on account, Net cash provided by operating activities for 2020 was $238,000. Capital expenditures were $134,000, and cash dividends were $90,220, CALCULATOR FULL SCREEN PRINTER VERSION BAC All sales were on account. Net cash provided by operating activities for 2020 was $238,000. Capital expenditures were $134,000, and cash dividends were $90,220. Compute the following ratios for 2020. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 or 1.65:1, and all other answers to 1 decim e.g. 6.8 or 6.8%. Use 365 days for calculation.) (a) Earnings per share $ 3.51 (b) Return on common stockholders' equity 35.66% Return on assets 20.10 (d) Current ratio 1.83 1 (e) Accounts receivable turnover times (0) Average collection period days Inventory turnover times (h) Days in inventory days (0) Times interest earned times 0 Asset turnover times (k) Debt to assets ratio 4 (0) Free cash flow