Problem 18-02A (Video) The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 $1,813,300 1,010,100 803,200 512,200 291,000 2019 $1,745,300 994,000 751,300 481,600 269,700 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 18,700 272,300 82,022 $ 190,278 14,000 255,700 77,800 $ 177,900 2019 $64,500 50,500 101,500 115,600 332,100 516,300 $848,400 Wahlberg Company Balance Sheets December 31 Assets 2020 Current assets Cash $59,500 Debt investments (short-term) 70,800 Accounts receivable 117,900 Inventory 123,000 Total current assets 371,200 Plant assets (net) 600,700 Total assets $971,900 Liabilities and Stockholders' Equity Current liabilities Accounts payable $159,000 Income taxes payable 42,200 Total current liabilities 201,200 Bonds payable 220,000 Total liabilities 421,200 Stockholders' equity Common stock ($5 par) 276,800 Retained earnings 273,900 Total stockholders' equity 550,700 Total liabilities and stockholders' equity $971,900 $144,100 41,200 185,300 200,000 385,300 299,800 163,300 463,100 $848,400 All sales were on account. Net cash provided by operating activities for 2020 was $216,000. Capital expenditures were $132,000, and cash dividends were $79,678. Compute the following ratios for 2020. (Round Earnings per share, Curren 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 times (f) Average collection period days (g) Inventory turnover times (h) Days in inventory days (1) Times interest earned times () Asset turnover times (k) Debt to assets ratio (1) Free cash flow $