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I took 2 pics because it wasnt coming out clear Pic 1 - Part 1 Pic 2 - Part 2 Compute ratios from balance sheets

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Compute ratios from balance sheets and income statements.
Compute ratios from balance sheets and income statements. P18.2A (LO 3) The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statements For the Years Ended December 31 2020 Net sales $1.890,540 Cost of goods sold 1,058,540 Gross profit 832,000 Selling and administrative expenses 500,000 Income from operations, 332.000 Other expenses and losses Interest expense 22.000 Income before income taxes 310,000 Income tax expense 92.000 Net income $ 218,000 2019 $1,750,500 1.006.000 744,500 479,000 265,500 20,000 245.500 73,000 $ 172,500 Wahlberg Company Balance Sheets December 31 2020 2019 $ 60,100 74,000 117.800 126,000 377,900 649,000 $1,026,900 $ 64,200 50,000 102,800 115,500 332,500 520,300 $852,800 Assets Current assets Cash 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 $ 160,000 43.500 203,500 220,000 423,500 $145,400 42.000 187,400 200,000 387,400 290,000 313,400 603,400 $1,026,900 300,000 165,400 465,400 $852.800 All sales were on account. Net cash provided by operating activities for 2020 was $220,000. Capital expenditures were $136,000, and cash dividends were $70,000. Instructions Compute the following ratios for 2020. a. Earnings per share. b. Return on common stockholders' equity. c. Return on assets. d. Current ratio. e. Accounts receivable turnover. f. Average collection period. g. Inventory turnover. h. Days in inventory. i. Times interest earned. j. Asset turnover. k. Debt to assets ratio. 1. Free cash flow

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