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The comparative statements of Ivanhoe Company are presented here: Ivanhoe Company Income Statements For the Years Ended December 31 2020 2019 Net sales $1,897,540 $1,757,500

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The comparative statements of Ivanhoe Company are presented here: Ivanhoe Company Income Statements For the Years Ended December 31 2020 2019 Net sales $1,897,540 $1,757,500 Cost of goods sold 1,065,540 1,013,000 Gross profit 832,000 744,500 Selling and administrative expenses 507,000 486,000 Income from operations 325,000 258,500 Other expenses and losses Interest expense 24,100 22,100 Income before income taxes 300,900 236,400 Income tax expense 94,100 75,100 Net Income $206,800 $161,300 2020 2019 $60,100 74,000 124,800 128,100 $64,200 50,000 109,800 117,600 341,600 535,300 $876,900 387,000 664,000 $1,051,000 Ivanhoe Company Balance Sheets December 31 Assets Current assets Cash Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $167,000 45,600 212,600 235,000 447,600 $152,400 44,100 196,500 215,000 411,500 290,000 313,400 603,400 $1,051,000 300,000 165,400 465,400 $876,900 All sales were on account. Net cash provided by operating activities for 2020 was $223,000. Capital expenditures were $137,000, and cash dividends were $58,800 Compute the following ratios for 2020. (Round free cash flow to o decimal places, e.g. 5,275 and all other answers to 2 decimal places. 13 L. the days for calculation) (a) Earnings per share (b) Return on common stockholders' equity (C) Return on assets (d) Current ratio 11 (a) Accounts receivable turnover times Average collection period days (a) Inventory turnover times (h) Days in inventory days Times interest earned times B5 Asset turnover times () Debt to assets ratio 0 Free cash flow

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