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RESOURCES work th Video Part Level Problem 18-02A (Video) The comparative statements of Wahlberg Company are presented here. 3-03 (Video) 3-05 2019 3-01A a, b1 Submission) 3-02A (Video) 8-03A a Wahlberg Company Income Statement For the Years Ended December 31 2020 Net sales $1,815,700 Cost of goods sold 1,011,000 Gross profit 804,700 Selling and administrative expenses 515,000 Income from operations 289,700 Other expenses and losses Interest expense 19,000 Income before income taxes 270,700 Income tax expense 80,521 Net income $ 190,179 $1,749,500 981,000 768,500 477,600 290,900 re ults by Study 14,300 276,600 76,700 $ 199,900 Wahlberg Company Balance Sheets December 31 2020 2019 Assets Current assets Cash $60,900 $63,800 T RESOURCES ework ith Video Part Level 2019 3-03 (Video) 3-05 3-01A a, bi Submission) 3-02A (Video) 3-03A a $63,800 51,000 102,300 115,700 332,800 517,800 $850,600 e Its by Study Wahlberg Company Balance Sheets December 31 Assets 2020 Current assets Cash $60,900 Debt investments (short-term) 68,900 Accounts receivable 116,700 Inventory 123,800 Total current assets 370,300 Plant assets (net) 600,600 Total assets $970,900 Liabilities and Stockholders' Equity Current liabilities Accounts payable $159,900 Income taxes payable 44,000 Total current liabilities 203,900 Bonds payable 220,000 Total liabilities 423,900 Stockholders' equity 279,200 Common stock ($5 par) 267,800 Retained earnings 547,000 Total stockholders' equity $144,200 42,600 186,800 200,000 386,800 297,100 166,700 463,800 Assignment CAL CES Stockholders equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 1 279,200 267,800 547,000 $970,900 297,100 166,700 463,800 $850,600 1 All sales were on account. Net cash provided by operating activities for 2020 was $245,000. Capital expendiqures were $131,000, and cash dividends w 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, e.g. 6.8 or 6.8%. Use 365 days for calculation.) co (a) Earnings per share udy (b) Return on common stockholders' equity % (c) % Return on assets (d) Current ratio :1 Accounts receivable turnover times days Average collection period times (9) Inventory turnover days Days in Inventory times (1) Times interest earned In SOURCES CALCULATOR * deo evel All sales were on account. Net cash provided by operating activities for 2020 was $245,000. Capital expenditures were $131,000, and cash dividends were $89,079 Compute the following ratios for 2020. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 or 1.6511, and all other ans e.g. 6.8 or 6.8%. Use 365 days for calculation.) ideo) (a) Earnings per share $ asion) ideo (b) Return on common stockholders' equity % Return on assets 96 Current ratio (d) udy :1 times (0 Accounts receivable turnover Average collection period Inventory turnover days times (h) Days in Inventory days (1) Times interest earned times Asset turnover times % (k) Debt to assets ratio (1) Free cash flow
