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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 $1,812,400 $1,745,900

The comparative statements of Wahlberg Company are presented here.

Wahlberg Company Income Statement For the Years Ended December 31

2020

2019

Net sales

$1,812,400 $1,745,900

Cost of goods sold

1,005,600 982,000

Gross profit

806,800 763,900

Selling and administrative expenses

518,600 479,200

Income from operations

288,200 284,700

Other expenses and losses

Interest expense

18,500 14,600

Income before income taxes

269,700 270,100

Income tax expense

83,172 76,600

Net income

$ 186,528 $ 193,500

Wahlberg Company Balance Sheets December 31

Assets

2020

2019

Current assets

Cash

$60,700 $64,300

Debt investments (short-term)

70,400 49,100

Accounts receivable

116,800 101,000

Inventory

122,900 115,100

Total current assets

370,800 329,500

Plant assets (net)

600,400 519,700

Total assets

$971,200 $849,200

Liabilities and Stockholders Equity

Current liabilities

Accounts payable

$159,500 $144,000

Income taxes payable

43,500 42,900

Total current liabilities

203,000 186,900

Bonds payable

220,000 200,000

Total liabilities

423,000 386,900

Stockholders equity

Common stock ($5 par)

281,600 301,300

Retained earnings

266,600 161,000

Total stockholders equity

548,200 462,300

Total liabilities and stockholders equity

$971,200 $849,200

All sales were on account. Net cash provided by operating activities for 2020 was $214,000. Capital expenditures were $130,000, and cash dividends were $80,928. Compute the following ratios for 2020. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 or 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

$enter your answer rounded to 2 decimal places
(b)

Return on common stockholders equity

enter your answer rounded to 1 decimal place %
(c)

Return on assets

enter your answer rounded to 1 decimal place %
(d)

Current ratio

enter your answer rounded to 2 decimal places :1
(e)

Accounts receivable turnover

enter your answer rounded to 1 decimal place times
(f)

Average collection period

enter your answer rounded to 1 decimal place days
(g)

Inventory turnover

enter your answer rounded to 1 decimal place times
(h)

Days in inventory

enter your answer rounded to 1 decimal place days
(i)

Times interest earned

enter your answer rounded to 1 decimal place times
(j)

Asset turnover

enter your answer rounded to 2 decimal places times
(k)

Debt to assets ratio

enter your answer rounded to 1 decimal place %
(l)

Free cash flow

$enter your answer in dollars

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