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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 $1,817,200 1,012,800 $1,749,800 970,000

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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 $1,817,200 1,012,800 $1,749,800 970,000 804,400 516,400 779,800 475,600 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes 288,000 304,200 17,700 15,000 270,300 289,200 Income tax expense 80,022 77,900 Net income $ 190,278 $ 211,300 2019 $63,400 50,100 102,500 116,000 332,000 520,900 $852,900 Wahlberg Company Balance Sheets December 31 Assets 2020 Current assets Cash $60,700 Debt investments (short-term) 70,900 Accounts receivable 116,500 Inventory 123,300 Total current assets 371,400 Plant assets (net) 596,300 Total assets $967,700 Liabilities and Stockholders' Equity Current liabilities Accounts payable $160,600 Income taxes payable 43,500 Total current liabilities 204,100 Bonds payable 220,000 Total liabilities 424,100 Stockholders' equity Common stock ($5 par) 279,200 Retained earnings 264,400 Total stockholders' equity 543,600 Total liabilities and stockholders' equity $967,700 $144,300 42,200 186,500 200,000 386,500 297,400 169,000 466,400 $852,900 All sales were on account. Net cash provided by operating activities for 2020 was $249,000. Capital expenditures were $145,000, and cash dividends were $94,878. 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, e.g. 6.8 or 6.8%. Use 365 days for calculation.) 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 (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 (i) Asset turnover times (k) Debt to assets ratio % (1) Free cash flow $

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