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The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 Net sales $1,810,300 Cost of

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The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 Net sales $1,810,300 Cost of goods sold 1,006,500 Gross profit 803,800 Selling and administrative expenses 511,400 Income from operations 292,400 Other expenses and losses Interest expense 18.800 Income before income taxes 273,600 Income tax expense 81,342 Net income $ 192,258 2019 $1,751,900 981,000 770.900 475,200 295,700 13,600 282,100 76,500 $ 205,600 Wahlberg Company Balance Sheets December 31 Assets 2020 2019 Current assets $59.000 Cash Debt investments (short-term) Accounts receivable 69,300 116.500 122,200 Inventory Total current assets $63.000 49.200 102,400 114,500 329.100 519.400 $848,500 367,000 598,200 Plant assets (net) Total assets $965.200 $160.800 $145.500 42.800 41.700 Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current abilities Bonds payable Total Habilities Stockholders equity 203.600 1871200 220.000 200.000 423.600 387.200 Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 282.800 258.800 541,600 $965,200 299,800 161,500 461,300 $848,500 All sales were on account. Net cash provided by operating activities for 2020 was $241,000. Capital expenditures were $127,000. and cash dividends were $94.958. 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, eg. 6.8 or 6.8%. Use 365 days for calculation.) (a) 3.30 $ Earnings per share 38.34 % (b) Return on common stockholders' equity % (c) Return on assets 1.80 :1 (d) Current ratio times (e) Accounts receivable turnover days (f) Average collection period times Inventory turnover days (h) Days in inventory times (0) Times interest earned times 6) Asset turnover % (k) Debt to assets ratio $ (0) Free cash flow

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