PLUS Help System Announcement 93,700 74,700 Income tax expense SOURCES $212,800 $167,300 Net income Wildhorse Co. Balance Sheets December 31 2020 2019 Assets $60,100 74,000 119,600 127,700 381,400 663,000 $1,044,400 $64,200 50,000 104,600 117,200 336,000 534,300 $870,300 by Study Current assets Cash Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equ 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 $161,800 45,200 207,000 234,000 $147,200 43,700 190,900 214,000 404,900 441,000 290,000 313,400 603,400 $1,044,400 300,000 165,400 465,400 $870,300 All sales were on account. Net cash provided by operating activities for 2020 was $231,000. Capi Compute the following ratios for 2020. (Round free cash flow to decimal places, e.g. 5,27 calculation.) Weygandt, Financial and Manager Help System Announcements U Question 12 Your answer is partially correct. Try again. The comparative statements of Wildhorse Co. are presented here: 2019 $1,752,300 1,007,800 Wildhorse Co. Income Statements For the Years Ended December 31 2020 Net sales $1,892,340 Cost of goods sold 1,060,340 Gross profit 832,000 Selling and administrative expenses 501,800 Income from operations 330,200 Other expenses and losses Interest expense 23,700 Income before income taxes 306,500 Income tax expense 93,700 Net income $212,800 744,500 480,800 263,700 tudy 21,700 242,000 74,700 $167,300 2020 2019 Wildhorse Co. Balance Sheets December 31 Assets Current assets Cash Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity $60,100 74,000 119,600 127,700 381,400 663,000 $1,044,400 $64,200 50,000 104,600 117,200 336,000 534,300 $870,300 534,300 381,400 663,000 $1,044,400 $870,300 Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable $147,200 43,700 $161,800 45,200 207,000 234,000 441,000 190,900 214,000 404,900 Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings 290,000 313,400 603,400 $1,044,400 300,000 165,400 465,400 $870,300 Total stockholders' equity Total liabilities and stockholders' equity All sales were on account. Net cash provided by operating activities for 2020 was $231, Compute the following ratios for 2020. (Round free cash flow to o decimal places, e calculation.) (a) Earnings per share 1.80 (5) Return on common stockholders' equity 4.0 % (c) Return on assets (d) Current ratio (e) Accounts receivable turnover 16.88 times