Wahlberg Company Income Statement For the Years Ended December 31 2020 2019 $1,811,500 $1,752,200 1,008.900 982.000 802,600 770.200 518.600 472.800 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 284,000 297 400 17 800 13.800 283.600 266 200 80.152 76.400 Net income $ 186.048 $ 207 200 Wahlberg Company Balance Sheets December 31 Assets Current asset 2020 2019 Wahlberg Company Balance Sheets December 31 2020 Assets 2019 Current assets Cash Debt investments (short-term) Accounts receivable $59,700 70,500 117.200 123.900 371.300 800.800 $972 100 $64.400 50,000 102,200 115.000 331 600 521.900 $853.500 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 Retearmes Totater que Toto $159 300 $144 200 43.500 41000 202800185.200 220.000 200.000 422 800 385.200 282.800208600 184,500 169.00 81300 All sales were on account. Net cash provided by operating activities for 2020 was $242,000. Capital expenditures were $128,000, and cash dividends were $89.248 Compute the following ratios for 2020. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, s. 165 o 1.63:1, and all other answers to 1 decimal (a) Earnings per share (b) Return on common stockholders' equity times (d) Return on assets (d) Current ratio le) Accounts receivable turnover in Average collection period (8) Inventory turnover (h) Days in inventory (1) Times interest earned days times days times time Asset turnover 1) Debt to assets ratio 0) Free cash flow