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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 $1,810,600 $1.746,200
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 1012,200 984,000 798.400 762.200 Cost of goods sold Gross profit Selling and administrative expenses Income from operations 515.200 479,600 283,200 282,600 Other expenses and losses 17.300 13,300 Interest expense Income before income taxes 265.900 269,300 Income tax expense 81.100 76,300 Net income $184.800 $193.000 $ Balance Sheets December 31 Assets 2020 2019 Current assets $59.500 $63.100 68,200 49.800 117,100 102.100 124,000 114.400 368,800 329,400 598,600 519,300 $967,400 $848.700 Cash Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) Total assets Llabilitles and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity $159,200 $144.800 43.800 41.200 203,000 186,000 220,000 200.000 423,000 386,000 278,300 299.,200 266,100 163.500 544.400 462,700 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. Compute the following ratios for 2020. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, eg. 1.65 or 1.65:1, and all other answers to 1 decimal place, eg. 6.8 or 6.8%. Use 365 days for calculation.) (a) Earnings per share $ (b) Return on common stockholders' equity %6 (c) Return on assets %6 (d) Current ratio .1 (e) Accounts receivable turnover times () Average collection period days 2 Inventory turnover times (h) Days in inventory days (1) Times interest earned times 0) Asset turnover times (k) Debt to assets ratio % (1) Free cash flow $ $
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