The comparative statements of Cullumber Company are presented here:

Cullumber Company

Income Statements

For the Years Ended December 31

2020

2019

Net sales

$1,896,240

$1,756,200

Cost of goods sold

1,064,240

1,011,700

Gross profit

832,000

744,500

Selling and administrative expenses

505,700

484,700

Income from operations

326,300

259,800

Other expenses and losses

Interest expense

23,300

21,300

Income before income taxes

303,000

238,500

Income tax expense

93,300

74,300

Net income

$209,700

$164,200

Cullumber Company

Balance Sheets

December 31

Assets

2020

2019

Current assets

Cash

$60,100

$64,200

Debt investments (short-term)

74,000

50,000

Accounts receivable

123,500

108,500

Inventory

127,300

116,800

Total current assets

384,900

339,500

Plant assets (net)

661,000

532,300

Total assets

$1,045,900

$871,800

Liabilities and Stockholders Equity

Current liabilities

Accounts payable

$165,700

$151,100

Income taxes payable

44,800

43,300

Total current liabilities

210,500

194,400

Bonds payable

232,000

212,000

Total liabilities

442,500

406,400

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

$1,045,900

$871,800

All sales were on account. Net cash provided by operating activities for 2020 was $238,000. Capital expenditures were $135,000, and cash dividends were $61,700.

Compute the following ratios for 2020. (Round free cash flow to 0 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

$enter a dollar amount rounded to 2 decimal places

(b)

Return on common stockholders equity

enter percentages rounded to 2 decimal places

%

(c)

Return on assets

enter percentages rounded to 2 decimal places

%

(d)

Current ratio

enter Current ratio rounded to 2 decimal places

:1

(e)

Accounts receivable turnover

enter Accounts receivable turnover in times rounded to 2 decimal places

times

(f)

Average collection period

enter Average collection period in days rounded to 2 decimal places

days

(g)

Inventory turnover

enter Inventory turnover in times rounded to 2 decimal places

times

(h)

Days in inventory

enter Days in inventory rounded to 2 decimal places

days

(i)

Times interest earned

enter Times interest earned rounded to 2 decimal places

times

(j)

Asset turnover

enter Asset turnover in times rounded to 2 decimal places

times

(k)

Debt to assets ratio

enter percentages rounded to 2 decimal places

%

(l)

Free cash flow

$enter a dollar amount rounded to 0 decimal places