The comparative statements of Wahlberg Company are presented here.

Wahlberg Company

Income Statement

For the Years Ended December 31

2020

2019

Net sales

$1,818,700

$1,749,800

Cost of goods sold

1,007,700

987,000

Gross profit

811,000

762,800

Selling and administrative expenses

518,400

480,200

Income from operations

292,600

282,600

Other expenses and losses

Interest expense

17,600

14,300

Income before income taxes

275,000

268,300

Income tax expense

80,180

77,300

Net income

$194,820

$191,000

Wahlberg Company

Balance Sheets

December 31

Assets

2020

2019

Current assets

Cash

$60,200

$64,200

Debt investments (short-term)

69,600

49,900

Accounts receivable

117,400

101,300

Inventory

123,800

114,800

Total current assets

371,000

330,200

Plant assets (net)

598,400

516,800

Total assets

$969,400

$847,000

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable

$160,800

$145,500

Income taxes payable

42,300

42,200

Total current liabilities

203,100

187,700

Bonds payable

220,000

200,000

Total liabilities

423,100

387,700

Stockholders' equity

Common stock ($5 par)

277,700

295,300

Retained earnings

268,600

164,000

Total stockholders' equity

546,300

459,300

Total liabilities and stockholders' equity

$969,400

$847,000

All sales were on account. Net cash provided by operating activities for 2020 was $238,000. Capital expenditures were $134,000, and cash dividends were $90,220.

Compute the following ratios for 2020.