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The comparative statements of Wahlberg Company are presented here. For the Years Ended December 31 2019 2020 $1,811,500 $1,751,600 Net sales Cost of goods 1.013,400
The comparative statements of Wahlberg Company are presented here. For the Years Ended December 31 2019 2020 $1,811,500 $1,751,600 Net sales Cost of goods 1.013,400 985,000 Gross profit Selling and administrative expenses Income from operations 798,100 766,600 515,200 282,900 288,800 477,800 expenses and Interest expense Income before income 264,300 274,500 taxes Income tax expense Net income $ 181,257 $ 196,900 18,600 14,300 83,043 77,600 Balance Sheets 2020 2019 Assets Current assets $60,600 $64,900 00 49,100 116,500 101,900 Inventory 122,.500_115,000 330,900 603,900 521,600 Total assets $972,300 $852,500 investments (short-term) 68,8 receivable Total 368,400 current assets Plant assets (net) liabilities $161,000 $144,900 payable payable 42,000 Total taxes paya 203,000 187,000 Bonds payable 220,000 200,000 423,000 387,000 liabilities Total Plant assets 603,900 521,600 Total assets 972,300 s852,500 Eauity $161,000 $144,900 42,100 203,000 187,000 Bonds payable _220.000 200,000 payable taxes payable 42,000 Total liabilities Total 423,000 387,000 Stockholders 283,700 301,000 stock (S5 par) Retained 265,600 164,500 Total stockholders 549,300 465,500 equity Total liabilities and stockholders' $972,300 $8s2,500 equity All sales were on account. Net cash provided by operating activities for 2020 was $213,000. Capital expenditures were s129,000, and cash dividends were $80,157 Compute the following ratios for 2020. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 or 1.65:1, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation.) (a) Earnings per share (b) Return on common stockholders' equity (c) Return on assets (d) Current ratio (c) Accounts reccivable turnover (f) Average collection period (9) Inventory turnover (h) Days in inventory (i) Times interest caned (i) Asset turnover (k) Debt to assets ratio () Free cash flow times days times days times times
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