Problem 13-02A (Video) The comparative statements of Ivanhoe Company are presented here: 2019 $1,756,100 1,011,600 Ivanhoe Company Income Statements For the Years Ended December 31 2020 Net sales $1,896,140 Cost of goods sold 1,064,140 Gross profit 832,000 Selling and administrative expenses 505,600 Income from operations 326,400 Other expenses and losses Interest expense 24,100 Income before income taxes 302,300 Income tax expense 94,100 Net income $208,200 744,500 484,600 259,900 22,100 237,800 75,100 $162,700 Ivanhoe Company Balance Sheets December 31 2020 2019 Assets Current assets Cash Debt investments (short-term) Accounts receivable Inventory Total current assets $60,100 74,000 123,400 128,100 385,600 $64,200 50,000 108,400 117,600 340,200 94,100 Income tax expense 75,100 $162,700 $208,200 Net income Ivanhoe Company Balance Sheets December 31 2020 2019 Assets $60,100 74,000 123,400 128,100 385,600 660,000 $1,045,600 $64,200 50,000 108,400 117,600 340,200 531,300 $871,500 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 $165,600 45,600 211,200 231,000 442,200 $151,000 44,100 195,100 211,000 406,100 290,000 313,400 603,400 $1,045,600 300,000 165,400 465,400 $871,500 CALCULATOR HINI YIK * RACK NEXT Total stockholders' equity Total liabilities and stockholders' equity 603,400 $1,045,600 465,400 $871,500 All sales were on account. Net cash provided by operating activities for 2020 was $249,000. Capital expenditures were $135,000, and cash dividends were $60,200. Compute the following ratios for 2020. (Round free cash flow to decimal places, ..5.2 and all the answers to decimal places, eg 1.365 days for calculation.) (a) Earnings per share 3.59 (6) Return on common stockholders' equity 35 Return on assets 22 (d) Current ratio (a) Accounts receivable turnover times (1) Average collection period days (9) Inventory turnover times (h) Days in inventory days 0 Times interest earned tines 0) Asset turnover times Debt to assets ratio (1) Free cash flow 3:48 PM D 40 ENG