The comparative statements of Wahlberg Company are presented here.

The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 2019 Net sales $1,811,500 $1,751,600 Cost of goods sold 1,013,400 985,000 Gross profit 798,100 766,600 Selling and administrative expenses 515,200 477,800 Income from operations 282,900 288,800 Other expenses and losses Interest expense 18,600 14,300 Income before income taxes 264,300 274,500 Income tax expense 83,043 77,600 Net income $ 181,257 $ 196,900Balance Sheets December 31 Assets 2020 2019 Current assets Cash $60,600 $64,900 Debt investments (short-term) 68,800 49,100 Accounts receivable 116,500 101,900 Inventory 122,500 115,000 Total current assets 368,400 330,900 Plant assets (net) 603,900 521,600 Total assets $972,300 $852,500 Liabilities and Stockholders' Equity Current liabilities Accounts payable $161,000 $144,900 Income taxes payable 42,000 42,100 Total current liabilities 203,000 187,000 Bonds payable 220,000 200,000 Total liabilities 423,000 387,000 Stockholders' equity Common stock ($5 par) 283,700 301,000 Retained earnings 265,600 164,500 Total stockholders' equity 549,300 465,500 Total liabilities and stockholders' equity $972,300 $852,500(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 % (1) Free cash flow