P1. The comparative statements of Coyote Company are presented here. Coyote Company Income Statements For the Years Ended December 31 (unit= $) 2021 2020 Net sales $2,200,000 $2,000,000 Cost of goods sold 1,400,000 1,300,000 Gross profit 800,000 700,000 Selling and administrative expenses 420,000 340,000 Income from operations 380,000 360,000 Other expenses and losses Interestexpense 60,000 70,000 Income before income taxes 320,000 290,000 Income tax expense 96,000 87,000 Net income 224,000 203,000 Coyote Company Balance Sheets December31 (unit= $) Assets 2021 2020 Current assets Cash 68,000 64,000 Debt investments (short-term) 72,000 56,000 Accounts receivable 120,000 100,000 Inventory 140,000 110,000 Total current assets 400,000 330,000 Plant assets (net) 800,000 670,000 1. Coyote Company Balance Sheets December31 (unit= $) Assets 2021 2020 Total assets 1,200,000 1,000,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable 160,000 140,000 Coyote Company Balance Sheets December31 (unit= $) Assets 2021 2020 Total assets 1,200,000 1,000,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable 160,000 140,000 Income taxes payable 60,000 50,000 Total current liabilities 220,000 190,000 Bonds payable 580,000 460,000 Total liabilities 800,000 650,000 Stockholders'equity Common stock ($5 par) 300,000 300,000 Retained earnings 100,000 50,000 Total stockholders'equity 400,000 350,000 Total liabilities and stockholders' equity 1,200,000 1,000,000 All sales were on account. Net cash provided by operating activities for 2021 was $190,000. Capital expenditures were $120,000, and cash dividends were $40,000. Instructions Compute the following ratios for 2021. a. Return on common stockholders' equity. c. Current ratio. g. Inventory turnover. i. Times interest earned. k. Debt to assets ratio. I. Free cash flow.