Question 4 The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 2019 $1,813,300 1,008,900 804,400 516,800 287,600 $1,753,100 983,000 770,100 477,800 292,300 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 18,900 268,700 78,224 $ 190,476 14,800 277,500 77,700 $ 199,800 Wahlberg Company Balance Sheets December 31 2020 2019 Assets Current assets Cash Debt investments (short-term) $60,200 70,600 117 on $64,500 49,200 10 ULIL NET 70,600 117,800 123,600 372,200 602,200 $974,400 wurya 49,200 102,700 114,700 331,100 517,900 $849,000 Debt investments (short-term) Accounts recevable 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) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $159,200 42,400 201,600 220,000 421,600 $145,200 41,500 186,700 200,000 386,700 275,300 277,500 552,800 $974,400 301,900 160,400 462,300 $849,000 All sales were on account. Net cash provided by operating activities for 2020 was $231,000. Capital expenditures were $147,000, and cash dividends were $73,376. 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.) ECES $73,376 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 % Study (d) Current ratio :1 (e) Accounts receivable turnover times Average collection period days (9) Inventory turnover times (h) Days in inventory days (1) Times interest earned times 0) Asset turnover times Debt to assets ratio Free cash flow