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The comnarative statements of Wahlhero Cnmnanv are nrecented here All sales were on credit. Net cash provided by operating activities for 2022 was $220,000. Capital

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The comnarative statements of Wahlhero Cnmnanv are nrecented here All sales were on credit. Net cash provided by operating activities for 2022 was $220,000. Capital expenditures were $136,000, and cash dividends paid were $70,000. Compute the following ratios for 2022. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, es. 1.65 or 1.65:1 and all other answers to 1 decimal place, es. 6.8 or 6.8%. Use 365 days for calculation.) \begin{tabular}{|c|c|c|} \hline Net income & $218,000 & $172,500 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{c} Wahlberg Company \\ Balance Sheets \\ December 31 \end{tabular}} \\ \hline Assets & 2022 & 2021 \\ \hline \multicolumn{3}{|l|}{ Current assets } \\ \hline Cash & $60,100 & $64,200 \\ \hline Debt investments (short-term) & 74,000 & 50,000 \\ \hline Accounts receivable (net) & 117,800 & 102,800 \\ \hline Inventory & 126,000 & 115,500 \\ \hline Total current assets & 377,900 & 332,500 \\ \hline Plant assets (net) & 649,000 & 520,300 \\ \hline Total assets & $1,026,900 & $852,800 \\ \hline \end{tabular} Liabilities and Stockholders' Equity Current liabilities \begin{tabular}{|c|c|c|} \hline Accounts payable & $160,000 & $145,400 \\ \hline Income taxes payable & 43,500 & 42,000 \\ \hline Total current liabilities & 203,500 & 187,400 \\ \hline Bonds payable & 220,000 & 200,000 \\ \hline Total liabilities & 423,500 & 387,400 \\ \hline \multicolumn{3}{|l|}{ Stockholders' equity } \\ \hline Common stock ( $5 par) & 290,000 & 300,000 \\ \hline Retained earnings & 313,400 & 165,400 \\ \hline Total stockholders' equity & 603,400 & 465,400 \\ \hline Total liabilities and stockholders' equity & $1,026,900 & $852,800 \\ \hline \end{tabular} (f) Average collection period (g) Inventory turnover times (h) Days in inventory 43 days (i) Times interest earned times (j) Asset turnover 2 times (k) Debt to assets ratio % (I) Free cash flow $

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