Problem 13-02A (Video) The comparative statements of Ivanhoe Company are presented here: Ivanhoe Company Income Statements For the Years Ended December 31 2020 2019 Net sales $1,896,140 $1,756,100 Cost of goods sold 1,064,140 1,011,600 Gross profit 832,000 744,500 Selling and administrative expenses 505,600 484,600 Income from operations 326,400 259,900 Other expenses and losses Interest expense 24,100 22,100 Income before income taxes 302,300 237,800 Income tax expense 94,100 75,100 Net income $208,200 $162,700 Ivanhoe Company Balance Sheets December 31 2020 Assets Current assets 2019 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 2020 2019 $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 Assets 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 All sales were on account. Net cash provided by operating activities for 2020 was $249,000. Capital expen Compute the following ratios for 2020. (Round free cash flow to o decimal places, e.g. 5,275 and al. calculation.) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity CALCULATOR 313.400 603,400 $1.045.600 165,400 465,400 $871,500 BACK 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 o decimal places, e.. 5,275 and all other answers to 2 decimal places, 6.0.1.83 or 10. Use 365 days for calculation) (a) Earnings per share $ (b) Return on common stockholders' equity 9 Return on assets (d) Current ratio 11 (e) Accounts receivable turnover times (f) Average collection period days (o) Inventory turnover times (h) Days in inventory days Times interest earned times ( Asset turnover Debt to assets ratio Free cash flow