The comparative statements of Cullumber Company are presented here.

CULLUMBER COMPANY

Income Statements

For the Years Ended December 31

2017 2016

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 2017 2016

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 2017 was $246,000. Capital expenditures were $135,000, and cash dividends were $58,900.

Compute the following ratios for 2017. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.)

(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

(g) Inventory turnover

times

(h) Days in inventory

days

(i) Times interest earned

times

(j) Asset turnover

times

(k) Debt to assets ratio

%

(l) Free cash flow $