*Question 53 The comparative statements of Cullumber Company are presented here: CULLUMBER COMPANY Income Statements For the Years Ended December 31 2019 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,891,640 $1,751,600 1,007,100 744,500 180,100 330,900 264,400 1,059,640 832,000 501,100 Interest expense Income before income taxes Income tax expense Net income 23,700 307,200 93,700 $213,500 21,700 242,700 74,700 $16B,000 CULLUMBER COMPANY Balance Sheets December 31 Assets 2019 2018 Current assets Cash Debt investments (short-term) Accounts receivable Inventory $60,100 $64,200 74,000 50,000 118,900 103,900 127,700 117,200 380,700 335,300 Total current assets 661.000 532,300 $1,041,700 $867,600 Plant assets (net) Total assets abilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable $161,100 $146,500 13,700 206,300 190,200 212,000 402,200 5,200 Total current liabilities Bonds payable 232,000 Total liabilities 38,300 Stockholders' equity Common stock ($5 par) Retained earnings 290,000 300,000 165,400 165,400 1,041,700 $867,600 313,400 603,400 Total stockholders' equity Total liabilities and stackholders' equity All sales were on account. Net cash provided by operating activities for 2019 was $227,000. Capital expenditures were $136,000, and cash dividends were $65,500 Compute the following ratios for 2019 Round free cash flow to o decimal places, e g 5,275 and all other answers to 2 decimal places eg. 1.83 or 1.83%. Use 365 days for calculation. (a) Earnings per share (b) Returm on common stockholders' equity (c) Return on assets (d) Current ratio (e) Accounts receivable turnover (f) Average collection period (g) Inventory turnover (h) Days in inventory (i) Times interest earned 6) Asset turnover (k) Debt to assets ratio (I) Free cash flow times days times days times times