JA (LO3), AP The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statements For the Years Ended December 31 2021 Net sales Cost of goods sold Gross profit 2022 $1,890,540 1,058,540 832,000 500,000 332,000 $1,750,500 1,006,000 744,500 479,000 265,500 Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income 22,000 310,000 92,000 $ 218,000 20,000 245,500 73,000 $ 172,500 Wahlberg Company Balance Sheets December 31 2022 2021 Assets Current assets Cash Debt investments (short-term) Accounts receivable (net) $ 64,200 50,000 102,800 115,500 Inventory Total current assets Plant assets (net) $ 60,100 74,000 117,800 126,000 377,900 649,000 $1,026,900 332,500 520,300 $852,800 Total assets 2022 2021 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 160,000 $145,400 Income taxes payable 43,500 42,000 Total current liabilities 203,500 187,400 Bonds payable 220,000 200,000 Total liabilities 423,500 387,400 Stockholders' equity Common stock ($5 par) 290,000 300,000 Retained earnings 313,400 165,400 Total stockholders' equity 603,400 465,400 Total liabilities and stockholders' equity $1,026,900 $852,800 All sales were on credit. Net cash provided by operating activities for 2022 was $220,000. Capital expen ditures were $136,000, and cash dividends paid were $70,000. Instructions Compute the following ratios for 2022. 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. fu Tawon Corpo