Problem 13-2A The comparative statements of Cullumber Company are presented here: CULLUMBER COMPANY Income Statements For the Years Ended December 31 Net sales 2018 $1,759,200 1,014,700 Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes 2019 $1,899,240 1,067,240 832,000 508,700 323,300 744,500 487,700 256,800 23,200 21,200 300,100 93,200 235,600 74,200 Income tax expense Net income $206,900 $161,400 CULLUMBER COMPANY Balance Sheets December 31 2019 2018 Assets Current assets Cash $60,100 74,000 $64,200 50,000 Debt investments (short-term) Assets 2019 2018 Current assets Cash Debt investments (short-term) Accounts receivable $60,100 74,000 126,500 127,200 387,800 663,000 $1,050,800 $64,200 50,000 111,500 116,700 342,400 534,300 Inventory Total current assets Plant assets (net) Total assets $876,700 Liabilities and Stockholders' Equity Current liabilities Accounts payable $154,100 43,200 Income taxes payable Total current liabilities Bonds payable $168,700 44,700 213,400 234,000 197,300 214,000 Total liabilities 447,400 411,300 Stockholders' equity Common stock ($5 par) Retained earnings 300,000 165,400 290,000 313,400 603,400 $1,050,800 Total stockholders' equity 465,400 Total liabilities and stockholders' equity $876,700 Total liabilities and stockholders' equity $1,050,800 $876,700 All sales were on account. Net cash provided by operating activities for 2019 was $246,000. Capital expenditures were $135,000, and cash dividends were $58,900. Compute the following ratios for 2019. (Round free cash flow to 0 decimal places, e.g. 5,275 and all other answers to 2 decimal places, e.g. 1.83 or 1.83%. Use 365 days for calculation.) (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets (d) Current ratio (e) Accounts receivable turnover times (f) Average collection period days (9) Inventory turnover times (h) Days in inventory days (1) Times interest earned times 6) Asset turnover times (k) Debt to assets ratio olo (1) Free cash flow