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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 $1,810,600 1,010,100 800,500 520,200
The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 2019 $1,810,600 1,010,100 800,500 520,200 280,300 $1,752,800 994,000 758,800 475,800 283,000 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 Income tax expense Net income 17,400 262,900 79,444 $ 183,456 13,400 269,600 77,100 $ 192,500 Wahlberg Company Balance Sheets December 31 Assets 2020 2019 $59,800 68,900 117,600 122,500 368,800 598,300 $967,100 $63,800 50,000 101,300 115,400 330,500 521,100 $851,600 Current assets Cash Debt investments (short-term) Accounts receivable Inventory Total current assets Plant assets (net) Total assets Liabilities 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 $159,000 43,100 202,100 220,000 422,100 $146,000 41,000 187,000 200,000 387,000 275,000 270,000 545,000 298,300 166,300 464,600 Total stockholders' equity Total liabilities and stockholders' equity 545,000 $967,100 464,600 $851,600 All sales were on account. Net cash provided by operating activities for 2020 was $209,000. Capital expenditures were $125,000, and cash dividends were $79,756. 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 (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 (h) Days in inventory days (i) Times interest earned times (1) Asset turnover times (k) Debt to assets ratio (1) Free cash flow Question Attempts: 0 of 1 used
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