The comparative statements of Sunland Company are presented here: 2019 Sunland Company Income Statements For the Years Ended December 31 2020 Net sales $1,898,440 Cost of goods sold 1,066,440 Gross profit 832,000 Selling and administrative expenses 507,900 Income from operations 324,100 Other expenses and losses Interest expense 23,900 Income before income taxes 300,200 Income tax expense 5 93,900 Net income $1,758,400 1,013,900 744,500 486,900 257,600 21,900 235,700 7 4,900 $160,800 2020 2019 Sunland 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 $60,100 74,000 125,700 127,900 387,700 661,000 $1,048,700 $64,200 50,000 110,700 117,400 342,300 532,300 $874,600 O GDCS 2.00, UU $04.UUU th 2 Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable E Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $167,900 45,400 213,300 232,000 445,300 $153,300 43,900 197,200 212,000 409,200 _ 290,000 313,400 603,400 $1,048,700 300,000 165,400 465,400 $874,600 All sales were on account. Net cash provided by operating activities for 2020 was $236 Compute the following ratios for 2020. (Round free cash flow to o decimal places, (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets (d) Current ratio (e) Accounts receivable turnover times (f) Average collection period days search U Help System Announcements - CALCU Total liabilities and stockholders' equity $1,048,700 $874,600 M sales were on account. Net cash provided by operating activities for 2020 was $236,000. Capital expenditures were $135,000, and cash dividends were $58,300 Compute the following ratios for 2020. (Round free cash flow to o decimal places, c.0.5,275 and all other answers to 2 decimal places, e.g. 1.83 or 1.83%. Use 365 day, (a) Earnings per share (b) Return on common stod holders' equity (c) Return on assets (d) Current ratio (e) Accounts receivable turnover 0 (a) Average collection period Inventory turnover (h) Days in inventory Times interest earned (0) Debt to assets ratio (1) Free cash flow Click if you would like to show Work for this question Open Sherwock Question Attempts: 0 of 1 used here to search