Problem 18-02A (Video) The comparative statements of Wahlberg Company are presented here Wahlberg Company Income Statement For the Years Ended December 31 2020 2019 Net sales Cost of goods sold Gross profit $1,816,600 1,010,700 805,900 $1,750,100 982,000 768,100 475,600 292,500 Selling and administrative expenses18,600475,600 Income from operations Other expenses and losses 287,300 Interest expense Income before income taxes Income tax expense Net income 19,000 268,300 81,196 187,104 13,900 278,600 76,900 s 201,700 Wahlberg Company Balance Sheets December 31 Assets 2020 2019 Current assets $63,500 49,900 101,100 114,200 328,700 520,800 $849,500 Cash Debt investments (short-term) Accounts receivable 60,100 68,100 116,200 123,200 367,600 597,700 Total current assets Plant assets (net) Total assets $965,300 sao Current liabilities 160,300 $145,100 42,900 188,000 200,000 388,000 Accounts payable Income taxes payable 43,800 204,100 220,000 424,100 Total current liabilities Bonds payable Total liabilities Stockholders" equity Common stock ($5 par) Retained earnings 281,300 259,900 541,200 $965,300 303,400 158,100 461,500 $849,500 Total stockholders' equity Total liabilities and stockholders equity All sales were on account. Net cash provided by operating activities for 2020 was $244,000. Capital expenditures were $140,000, and cash dividends were $85,304 Current assets Cash Debt investments (short-term) Accounts receivable Inventory $60,100 68,100 116,200 123,200 367,600 97.700 $965,300 $63,500 49,900 101,100 114,200 328,700 520,800 849,500 Total current assets Plant assets (net) Total assets Current liabilities Accounts payable Income taxes payable 160,300 $145,100 42,900 188,000 200,000 388,000 43,800 204,100 220,000 424,100 Total current liabilities Bonds payable Total liabilities Stockholders" equity Common stock ($5 par) 281,300 259,900 $41,200 $965,300 303,400 158,100 461,500 849,500 Retained earnings Total stockholders" equity Total liabilities and stockholders equity All sales were on account. Net cash provided by operating activities for 2020 was $244,000. Capital expenditures were $140,000, and cash dividends were $85,304 Compute the following ratios for 2020. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 o 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 (d) Current ratio e) Accounts receivable turnover (f) Average collection period (g) Inventory turnover (h) Days in inventory (i) Times interest earned U) Asset turnover (k) Debt to assets ratio (I) Free cash flow times days times days times times