The comparative statements of Simpson Company are shown below.

SIMPSON COMPANY Income Statements For the Years Ended December 31
	2020		2019
Net sales	$780,000		$624,000
Cost of goods sold	440,000		405,600
Gross profit	340,000		218,400
Selling and administrative expenses	176,880		149,760
Income from operations	163,120		68,640
Other expenses and losses
Interest expense	9,920		7,200
Income before income taxes	153,200		61,440
Income tax expense	34,000		14,000
Net income	$119,200		$ 47,440

Liabilities and Stockholders Equity
Current liabilities
Accounts payable		$138,200		$132,000
Income taxes payable		25,300		24,000
Total current liabilities		163,500		156,000
Bonds payable		132,000		120,000
Total liabilities		295,500		276,000
Stockholders equity
Common stock ($10 par)		150,000		130,000
Retained earnings		330,300		246,000
Total stockholders equity		480,300		376,000
Total liabilities and stockholders equity		$775,800		$652,000

All sales were on account. Net cash provided by operating activities was $108,000. Capital expenditures were $47,000, and cash dividends were $30,900.

Instructions

Compute the following ratios for 2019:

.

(a) Earnings per share. (h) Days in inventory.

(b) Return on common stockholders equity. (i) Times interest earned.

(c) Return on assets. (j) Asset turnover.

(d) Current ratio. (k) Debt to assets ratio.

(e) Accounts receivable turnover. (l) Current cash debt coverage.

(f) Average collection period. (m) Cash debt coverage.

(g) Inventory turnover. (n) Free cash flow.