The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 2019 Net sales Cost of goods sold Gross profit Selling and administrative expenses $1,810,600 1,010,100 800,500 520,200 280,300 $1,752,800 994,000 758,800 475,800 283,000 Income from operations Other expenses and losses Interest expense 17,4001 Income before income taxes 269,600 Income tax expense 79,444 77,10 Net income $ 183,456 $ 192,500 Wahlberg Company Balance Sheets December 31 . 2020 20 wanibery company Balance Sheets December 31 Assets 2020 2019 Current assets Cash $59,800 $63,800 Debt investments (short-term) 68,900 50,000 Accounts receivable 117,600 101,300 Inventory 122,500 115,400 Total current assets 368,800 330,500 Plant assets (net) 598,300 521,100 Total assets $967,100 $851,600 Liabilities and Stockholders' Equity Current liabilities Accounts payable $159,000 $146,000 Income taxes payable 43,100 41,000 Total current liabilities 202,100 187,000 Bonds payable 220,000 200,000 Total liabilities 422,100 387,000 Stockholders' equity Common stock ($5 par) 275,000 298,300 Retained earnings 270,000 166,300 Retained earnings 270,000 166,300 464,600 Total stockholders' equity 545,000 Total liabilities and stockholders' equity $967,100 $851,600 All sales were on account. Net cash provided by operating activities for 2020 was $ dividends were $79,756. Compute the following ratios for 2020. (Round Earnings per share, Current ratio and other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation.) (a) Earnings per share 3.33 (b) Return on common stockholders'equity 36.34 (c) Return on assets 23.97 % (d) Current ratio 4.78 (e) Accounts receivable turnover 16.54 time (f) Average collection period 22.12 days (g) Inventory turnover 8.5 time (h) Days in inventory 43 days (i) Times interest earned 16.1 time: (i) Asset turnover 1.99 times (k) Debt to assets ratio 43.6 % (1) Free cash flow 84000 The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 2019 Net sales Cost of goods sold Gross profit Selling and administrative expenses $1,810,600 1,010,100 800,500 520,200 280,300 $1,752,800 994,000 758,800 475,800 283,000 Income from operations Other expenses and losses Interest expense 17,4001 Income before income taxes 269,600 Income tax expense 79,444 77,10 Net income $ 183,456 $ 192,500 Wahlberg Company Balance Sheets December 31 . 2020 20 wanibery company Balance Sheets December 31 Assets 2020 2019 Current assets Cash $59,800 $63,800 Debt investments (short-term) 68,900 50,000 Accounts receivable 117,600 101,300 Inventory 122,500 115,400 Total current assets 368,800 330,500 Plant assets (net) 598,300 521,100 Total assets $967,100 $851,600 Liabilities and Stockholders' Equity Current liabilities Accounts payable $159,000 $146,000 Income taxes payable 43,100 41,000 Total current liabilities 202,100 187,000 Bonds payable 220,000 200,000 Total liabilities 422,100 387,000 Stockholders' equity Common stock ($5 par) 275,000 298,300 Retained earnings 270,000 166,300 Retained earnings 270,000 166,300 464,600 Total stockholders' equity 545,000 Total liabilities and stockholders' equity $967,100 $851,600 All sales were on account. Net cash provided by operating activities for 2020 was $ dividends were $79,756. Compute the following ratios for 2020. (Round Earnings per share, Current ratio and other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation.) (a) Earnings per share 3.33 (b) Return on common stockholders'equity 36.34 (c) Return on assets 23.97 % (d) Current ratio 4.78 (e) Accounts receivable turnover 16.54 time (f) Average collection period 22.12 days (g) Inventory turnover 8.5 time (h) Days in inventory 43 days (i) Times interest earned 16.1 time: (i) Asset turnover 1.99 times (k) Debt to assets ratio 43.6 % (1) Free cash flow 84000