The comparative statements of Carla Vista Co. are presented here. CARLA VISTA CO. Income Statements For the Years Ended December 31 2017 2016 Net sales $1,898,540 $1,758,500 Cost of goods sold 1,066,540 1,014,000 Gross profit 832,000 744,500 Selling and administrative expenses 508,000 324,000 487,000 257,500 Income from operations Other expenses and losses Interest expense 23,700 21,700 Income before income taxes Income tax expense 300,300 93,700 $ 206,600 235,800 74,700 $ 161,100 Net income CARLA VISTA CO. Balance Sheets December 31 Assets 2017 2016 Current assets Cash $ 60,100 $ 64,200 Debt investments (short-term) 74,000 50,000 Accounts receivable 125,800 110,800 Inventory 127,700 117,200 Total current assets 387,600 342,200 Plant assets (net) 664,000 535,300 Total assets $1,051,600 $877,500 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 168,000 $153,400 Income taxes payable 45,200 43,700 Total current liabilities 213,200 197,100 Bonds payable 235,000 215,000 Total liabilities 448,200 412,100 Stockholders' equity Common stock ($5 par) 290,000 300,000 Retained earnings 313,400 165,400 Total stockholders' equity 603,400 465,400 Total liabilities and stockholders' equity $1,051,600 $877,500 All sales were on account. Net cash provided by operating activities for 2017 was $229,000. Capital expenditures were $137,000, and cash dividends were $58,600. Compute the following ratios for 2017. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) (a) Earnings per share 2.55 (b) Return on common stockholders' equity 3.55 (c) Return on assets 21.4 (d) Current ratio 1.82 (e) Accounts receivable turnover 118300 times (f) Average collection period 16.05 days (g) Inventory turnover 8.71 times (h) Days in inventory 41.91 days (i) Times interest earned 13.67 times (i) Asset turnover 1.97 times (k) Debt to assets ratio 42.62 (1) Free cash flow 33,400