The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 2019 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 $1,815,400 1,012,500 802,900 514,200 288,700 $1,748,300 991,000 757,300 474,200 283,100 Income tax expense 18,100 270,600 79,332 $ 191,268 13,000 270,100 76,400 $ 193,700 Net income Wahlberg Company Balance Sheets December 31 Assets 2020 2019 Current assets Cash Debt investments (short-term) Accounts receivable $59,400 70,100 117,800 $63,700 50,700 102,300 Testentore Wahlberg Company Balance Sheets December 31 Assets 2020 2019 $59,400 70,100 117,800 124,000 371,300 596,900 $968,200 $63,700 50,700 102,300 114,800 331,500 523,100 $854,600 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 Total liabilities and stockholders' equity $159,000 42,000 201,000 220,000 421,000 $145,000 42,500 187,500 200,000 387,500 279,500 267,700 547,200 $968,200 300,100 167,000 467,100 $854,600 SIGNMENT RESOURCES haute All sales were on cont cach provided by operating arts for 2020 was $24.000. Capital expenditures were $327.000, and orders were 59056 decimal for Compute the following terter (Mandarines es Current ratio and Asset turnover to 2 decin places ee 1.65 or 1.65 1. and all others (b) Return on como descut (c) Reni ex Oh (d) Current geplection period deye times ) 00 Foto O BI 5 3 4 6 & 7 8 9 @ Q W R T Y O P 4 A S D F G H J K ? Date Z N x C V B N M ctri