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			$1,749,200
Cost of goods sold		1,013,100			999,000
Gross profit		797,500			750,200
Selling and administrative expenses		519,000			473,600
Income from operations		278,500			276,600
Other expenses and losses
Interest expense		17,700			13,600
Income before income taxes		260,800			263,000
Income tax expense		82,891			77,700
Net income		$ 177,909			$ 185,300

Wahlberg Company Balance Sheets December 31
Assets		2020			2019
Current assets
Cash		$59,800			$64,400
Debt investments (short-term)		68,800			50,200
Accounts receivable		117,600			102,300
Inventory		123,300			114,400
Total current assets		369,500			331,300
Plant assets (net)		596,100			516,800
Total assets		$965,600			$848,100
Liabilities and Stockholders Equity
Current liabilities
Accounts payable		$160,900			$145,400
Income taxes payable		43,100			42,500
Total current liabilities		204,000			187,900
Bonds payable		220,000			200,000
Total liabilities		424,000			387,900
Stockholders equity
Common stock ($5 par)		276,500			297,400
Retained earnings		265,100			162,800
Total stockholders equity		541,600			460,200
Total liabilities and stockholders equity		$965,600			$848,100

All sales were on account. Net cash provided by operating activities for 2020 was $208,000. Capital expenditures were $124,000, and cash dividends were $75,609.

1.0 or 1.03.1, and all other answers wers to 1 decimar place, e.8.0.0 or 0.070. Use days (a) Earnings per share $ 3.1 (b) Return on common stockholders' equity 35.5 % (c) Return on assets 19.6 % (d) Current ratio 1.8 :1 (e) Accounts receivable turnover 16.5 times (f) Average collection period 22.1 days (g) Inventory turnover 8.5 times (h) Days in inventory 42.9 days (i) Times interest earned 15.7 times (0) Asset turnover 2 times (k) Debt to assets ratio 43.9 % (1) Free cash flow 8400