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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 $1,814,500 $1,750,100

The comparative statements of Wahlberg Company are presented here.

Wahlberg Company Income Statement For the Years Ended December 31

2020

2019

Net sales

$1,814,500 $1,750,100

Cost of goods sold

1,012,800 976,000

Gross profit

801,700 774,100

Selling and administrative expenses

517,800 478,400

Income from operations

283,900 295,700

Other expenses and losses

Interest expense

18,400 13,400

Income before income taxes

265,500 282,300

Income tax expense

81,372 76,500

Net income

$ 184,128 $ 205,800

Wahlberg Company Balance Sheets December 31

Assets

2020

2019

Current assets

Cash

$59,200 $64,400

Debt investments (short-term)

69,000 49,300

Accounts receivable

117,200 102,900

Inventory

122,500 115,300

Total current assets

367,900 331,900

Plant assets (net)

600,800 517,100

Total assets

$968,700 $849,000

Liabilities and Stockholders Equity

Current liabilities

Accounts payable

$160,500 $144,700

Income taxes payable

42,200 42,600

Total current liabilities

202,700 187,300

Bonds payable

220,000 200,000

Total liabilities

422,700 387,300

Stockholders equity

Common stock ($5 par)

278,000 297,400

Retained earnings

268,000 164,300

Total stockholders equity

546,000 461,700

Total liabilities and stockholders equity

$968,700 $849,000

All sales were on account. Net cash provided by operating activities for 2020 was $228,000. Capital expenditures were $144,000, and cash dividends were $80,428. 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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