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 Selling and administrative expenses $1,810,300 1,006,500 803,800 511,400 292,400 $1,751,900 981,000 770,900 475,200 295,700 y Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income 18,800 273,600 81,342 $192,258 13,600 282,100 76,500 205,600 Wahlberg Company Balance Sheets December 31 2020 2019 Current assets Cash Debt investments (short term) Accounts rece $59,000 69,300 116,500 $63,000 49,200 102,400 All Rights Reserved. A DImsion of ere to search 3 4 6 7 8 9 Accounts recervable 116,500 102,400 22,200 114,500 67,000 329,100 519,400 $965,200 $848,500 lotal current assets Plant assets (net) 598,200 Liabilities and Stockholders' Equity Current liabidlities Nocounts payable Income taxes payable 160,800 $145,5So 42,80041,700 203,600 187,200 Total rent hablies Bonds payable Total tablities 387,200 Stockholders equity Conmmon stock ($5 par) Retained earnings 99,800 258,800161,5 541,600 Total stockholders equty Total habities and stockholders equty 461 300 848,500 $965,200 Al sales wece on accourt. Net cash provited by operating activtes for 2020 wa $241,000. Captal expendeures mone $122,000, and cash divdend were $94,958 Compute the tollowing ratios for 2020gs per share, Current ratio and Asset tt2decimat place.16sr 1 and alf other answers to 1 decimal place, e. 6,8 or 6.8%, the 365 day-fur cakidation.) Ca) Eanings per share e to search 6 7 8 CTRI ALT ALT AM sales were on accnunt. Net cash provided by operating activities for 2020 was $241,000. Capital expenditures were $127,000, and cash dividends were $94,958. Compute the following ratios for 2020 (Round Earnings per share, Crrent ratio and Asset turnover to 2 decimal placesc .a. 1.65 or 1.65-1, and all oeher answers to t dec insal prace, ey. 6,8 or 6.8%. Use 365 dys for cala,Latin.) (a) Eamimgs per share (b) Return on common stockholdkers' equity (c) Return an assets r (a) Current rotio (e) Accounts recervable turnoer (t) Average collection perod (g) Inventory turnower h) Das m invenery (i) Tmes nterest earned Ci) Asset tumover (k) Debt to assets roio (1) Free cash ere to seatch 8 ALT CTRL ALT