Question 4 The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 2019 $1,819,900 1,011,600 808,300 517,000 291,300 $1,747,700 993,000 754,700 480,400 274,300 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 18,700 272,600 83,213 13,300 261,000 76,000 $ 185,000 $ 189,387 Wahlberg Company Balance Sheets December 31 Assets 2020 2019 $60,500 70,600 116,100 123,700 370,900 596,600 $967,500 $63,300 50,300 101,700 116,000 331,300 524,300 $855,600 Current assets 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) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $160,800 43,800 204,600 220,000 424,600 $144,200 42,900 187,100 200,000 387,100 276,200 266,700 542,900 $967,500 297,700 170,800 468,500 $855,600 All sales were on account. Net cash provided by operating activities for 2020 was $239,000. Capital expenditures were $135,000, and cash dividends were $93,487. 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 Current ratio Accounts receivable turnover times (f) Average collection period days O Inventory turnover times (h) Days in inventory days Times interest earned times (j) Asset turnover times (k) Debt to assets ratio (1) Free cash flow $