Problem 14-2A (Video) The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 2019 $1,812,400 1,005,600 806,800 518,600 288,200 $1,745,900 982,000 763,900 479,200 284,700 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income 18,500 269,700 83,172 $ 186,528 14,600 270,100 76,600 $ 193,500 2019 $64,300 49,100 101,000 115,100 329,500 519,700 $849,200 Wahlberg Company Balance Sheets December 31 Assets 2020 Current assets Cash $60,700 Debt investments (short-term) 70,400 Accounts receivable 116,800 Inventory 122,900 Total current assets 370,800 Plant assets (net) 600,400 Total assets $971,200 Liabilities and Stockholders' Equity Current liabilities Accounts payable $159,500 Income taxes payable 43,500 Total current liabilities 203,000 Bonds payable 220,000 Total liabilities 423,000 Stockholders' equity Common stock ($5 par) 281,600 Retained earnings 266,600 Total stockholders' equity 548,200 Total liabilities and stockholders' equity $971,200 $144,000 42,900 186,900 200,000 386,900 301,300 161,000 462,300 $849,200 All sales were on account. Net cash provided by operating activities for 2020 was $214,000. Capital expenditures were $130,000, and cash dividends were $80,928. All sales were on account. Net cash provided by operating activities for 2020 was $214,000. Capital expenditures were $130,000, and cash dividends were $80,928. 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, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation.) (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets Current ratio (d) (e) Accounts receivable turnover times (f) Average collection period days (9) Inventory turnover times (h) Days in inventory days (i) Times interest earned times (i) Asset turnover times (k) Debt to assets ratio (1) Free cash flow Click if you would like to Show Work for this question: Open Show Work