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The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 2019 Net sales $1,890,540 $1,750,500

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The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 2019 Net sales $1,890,540 $1,750,500 Cost of goods sold 1,058,540 1,006,000 Gross profit 832.000 744,500 Selling and administrative expenses 500,000 479.000 Income from operations 332.000 265,500 Other expenses and losses Interest expense 22,000 20,000 Income before income taxes 310,000 245,500 Income tax expense 92,000 73.000 Net income $ 218,000 $ 172,500 Wahlberg Company Balance Sheets December 31 Assets 2020 2019 Current assets Cash $60,100 74,000 $64.200 50,000 Debt investments (short-term) Accounts receivable 117.800 102,800 Inventory 126,000 115,500 Total current assets 377.900 332,500 Plant assets (net) 649.000 520,300 Total assets $1,026,900 $852.800 Liabilities and Stockholders' Equity. Current liabilities Accounts payable $160,000 $145,400 Income taxes payable 43,500 42.000 Liabilities and Stockholders' Equity Current liabilities Accounts payable $160,000 $145,400 Income taxes payable 43,500 42,000 Total current liabilities 203,500 187,400 Bonds payable 220.000 423,500 200,000 387,400 Total liabilities Stockholders' equity Common stock ($5 par) 290,000 300,000 165.400 Retained earnings 313,400 Total stockholders' equity 603,400 465,400 Total liabilities and stockholders' equity $1,026,900 $852.800 All sales were on account. Net cash provided by operating activities for 2020 was $220,000. Capital expenditures were $136,000, and cash dividends were $70,000. Compute the following ratios for 2020. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1. 1.65:1, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation. 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 (e) Accounts receivable turnover times (f) Average collection period days (g) Inventory turnover time (h) Days in inventory days (i) Times interest earned times 0) Asset turnover times (k) Debt to assets ratio (1) Free cash flow

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