Question 6 The comparative statements of Sandhill Co. are presented here. SANDHILL CO. Income Statements For the Years Ended December 31 2019 2018 Net sales $1,759,000 1,014,500 Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,899,040 1,067,040 832,000 508,500 744,500 487,500 257,000 323,500 Interest expense 23,200 21,200 Income before income taxes 300,300 93,200 235,800 74,200 Income tax expense Net income $207,100 $161,600 Balance Sheets December 31 Assets 2019 2018 Current assets Cash Debt investments (short-term) $60,100 74,000 126,300 127,200 $64,200 50,000 111,300 116,700 Accounts receivable Inventory Total current assets 387,600 663,000 342,200 534,300 Plant assets (net) Total assets $1,050,600 $876,500 Liabilities and Stockholders' Equity Current liabilities Accounts payable $168,500 44,700 $153,900 43,200 Income taxes payable Total current liabilities 213,200 234,000 197,100 214,000 Bonds payable Total liabilities 447,200 411,100 Stockholders' equity Common stock ($5 par) Retained earnings 290,000 313,400 300,000 165,400 Total stockholders' equity 603,400 465,400 $876,500 Total liabilities and stockholders' equity $1,050,600 All sales were on account. Net cash provided by operating activities for 2019 was $221,000. Capital expenditures were $135,000, and cash dividends were $59,100. 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, e.g. 1.83 or 1.83%. 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 (9) Inventory turnover times (h) Days in inventory days (0) Times interest earned times () Asset turnover times Debt to assets ratio % Free cash flow