The comparative statements of Wahlberg Company are presented here.

Wahlberg Company

Income Statement

For the Years Ended December 31

2020

2019

Net sales

$1,810,600

$1,746,200

Cost of goods sold

1,012,200

984,000

Gross profit

798,400

762,200

Selling and administrative expenses

515,200

479,600

Income from operations

283,200

282,600

Other expenses and losses

Interest expense

17,300

13,300

Income before income taxes

265,900

269,300

Income tax expense

81,100

76,300

Net income

$184,800

$193,000

Wahlberg Company

Balance Sheets

December 31

Assets

2020

2019

Current assets

Cash

$59,500

$63,100

Debt investments (short-term)

68,200

49,800

Accounts receivable

117,100

102,100

Inventory

124,000

114,400

Total current assets

368,800

329,400

Plant assets (net)

598,600

519,300

Total assets

$967,400

$848,700

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable

$159,200

$144,800

Income taxes payable

43,800

41,200

Total current liabilities

203,000

186,000

Bonds payable

220,000

200,000

Total liabilities

423,000

386,000

Stockholders' equity

Common stock ($5 par)

278,300

299,200

Retained earnings

266,100

163,500

Total stockholders' equity

544,400

462,700

Total liabilities and stockholders' equity

$967,400

$848,700

All sales were on account. Net cash provided by operating activities for 2020 was $225,000. Capital expenditures were $141,000, and cash dividends were $82,200.

(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

%(l)

Free cash flow

$