he comparative statements of Wahlberg Company are presented here. Company Statement For the Years Ended 31 2020 2019 Net sales Cost of goods sold $1,815,400 1,012,50o 802,900o 514,200 288,700 $1,748,300 991,000 757,300 474,20o 283,10o Gross profit Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income 18,100 270,60o 79,332 $ 191,268 13,000 270,10o 76,400 s 193.700 31 2020 2019 Current assets Cash Debt investments (short-term) Accounts receivable $59,40o 70,100 117,800o $63,700 50,700 102,30o e to search Wahlberg Company 31 2020 2019 Current assets $63,700 50,700 102,30o 114,800 331,500 523,10o $854,600 Cash Debt investments (short-term) Accounts receivable $59,400 70,100 117,800 124,000 371,300 596,900o $968,200 Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable $159,0oo 42,000 $145,00o 42,500 201,000187.500 200,000 421,000 387,500 Total current liabilities Bonds payable 220,00o Total liabilities Stockholders' equity 279,500 267,70o 547,200 $968,200 300,100 167,00o 467,1o0 $854,600 Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity CAL Stockholders' equity Common stock ($5 par) Retained earnings 279,500 267,700 547,200 300,10o 167,000 467,10o $854,600 Total stockholders' equity $968,200 All sales were on account. Net cash provided by operating activities for 2020 was $241,o00. Capital ex Compute the following ratios for 2020. (Round Earnings per share Current ratio and Asset turnos Total liabilities and stockholders equity dividends were $90,568. ideo 1.65:1, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculatio Study (a) Earnings per share Return on common stockholders' equity Return on assets Current ratio Accounts receivable turnover Average collection period (b) (c) (d) (e) (f) days (g) Inventory turnover times (h) Days in inventory times