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The comparative statements of Cullumber Company are presented here: CULLUMBER COMPANY Income Statements For the Years Ended December 31 2019 2018 Net sales $1,899,240 $1,759,200

The comparative statements of Cullumber Company are presented here:

CULLUMBER COMPANY Income Statements For the Years Ended December 31

2019

2018

Net sales

$1,899,240

$1,759,200

Cost of goods sold

1,067,240

1,014,700

Gross profit

832,000

744,500

Selling and administrative expenses

508,700

487,700

Income from operations

323,300

256,800

Other expenses and losses
Interest expense

23,200

21,200

Income before income taxes

300,100

235,600

Income tax expense

93,200

74,200

Net income

$206,900

$161,400

CULLUMBER COMPANY Balance Sheets December 31

Assets

2019

2018

Current assets
Cash

$60,100

$64,200

Debt investments (short-term)

74,000

50,000

Accounts receivable

126,500

111,500

Inventory

127,200

116,700

Total current assets

387,800

342,400

Plant assets (net)

663,000

534,300

Total assets

$1,050,800

$876,700

Liabilities and Stockholders Equity

Current liabilities
Accounts payable

$168,700

$154,100

Income taxes payable

44,700

43,200

Total current liabilities

213,400

197,300

Bonds payable

234,000

214,000

Total liabilities

447,400

411,300

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

$1,050,800

$876,700

All sales were on account. Net cash provided by operating activities for 2019 was $246,000. Capital expenditures were $135,000, and cash dividends were $58,900. Compute the following ratios for 2019. (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

(b) Return on common stockholders equity

enter percentages

%
(c) Return on assets

enter percentages

%
(d) Current ratio

enter current ratio

:1
(e) Accounts receivable turnover

enter the Accounts receivable turnover

times
(f) Average collection period

enter a number of days

days
(g) Inventory turnover

enter the Inventory turnover

times
(h) Days in inventory

enter a number of days

days
(i) Times interest earned

enter the Times interest earned

times
(j) Asset turnover

enter the Asset turnover

times
(k) Debt to assets ratio

enter percentages

%
(l) Free cash flow

$enter a dollar amount rounded to 0 decimal places

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