Question 13 The comparative statements of Wahlberg Company are presented here. 2019 Wahlberg Company Income Statement For the Years Ended December 31 2020 Net sales $1,810,600 Cost of goods sold 1,012,200 Gross profit 798,400 Selling and administrative expenses 515,200 Income from operations 283,200 Other expenses and losses Interest expense 17,300 Income before income taxes 265,900 Income tax expense 81,100 Net income $ 184,800 $1,746,200 984,000 762,200 479,600 282,600 13,300 269,300 76,300 $ 193,000 dy. Wahlberg Company Balance Sheets December 31 Assets 2020 2019 Current Assets signment ES LI Wahlberg Company Balance Sheets December 31 Assets 2020 2019 Current assets $59,500 68,200 117,100 124,000 368,800 598,600 $967,400 $63,100 49,800 102,100 114,400 329,400 519,300 $848,700 Cash Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($5 par) udy. $159,200 43,800 203,000 220,000 423,000 $144,800 41,200 186,000 200,000 386,000 278,300 299,200 CALCULATOR FULL SCREEN PRINTER ERRE Current liabilities Accounts payable Income taxes payable Total current abilities Bonds payable Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $159,200 43,800 203,000 220,000 423,000 $144,800 41,200 186,000 200,000 386,000 278,300 266,100 544,400 $967,400 299,200 163,500 462,700 $848,700 All sales were on account. Net cash provided by operating activities for 2020 was $225,000. Capital expenditures were $141,000, and cash dividends were $82,200, 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 a place, e.g. 6.8 or 6.8%. Use 365 days for calculation) (a) Earnings per share (b) Return on common stockholders' equity DG (c) Return on assets gnment 5 Compute the following ratios for 2020. (Round Earnings per share, Current ratio and Asset 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 :1 (e) Accounts receivable turnover times (f) Average collection period days (g) Inventory turnover times (h) Days in inventory days (1) Times interest earned y times G) Asset turnover times (k) Debt to assets ratio % (1) Free cash flow