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 $1,815,700 1,011,000 804,700 515,000 289,700 $1,749,500 981,000 768,500 477,600 290,900 19,000 270,700 80,521 $ 190,179 14,300 276,600 76,700 $ 199,900 Income tax expense Net income Wahlberg Company Balance Sheets December 31 Assets 2020 2019 Current assets $60,900 68,900 116,700 123,800 370,300 600,600 $970,900 $63,800 51,000 102,300 115,700 332,800 517,800 $850,600 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 $159,900 44,000 203,900 220,000 423,900 $144,200 42,600 186,800 200,000 386,800 279,200 267,800 547,000 $970,900 297,100 166,700 463,800 $850,600 All sales were on account. Net cash provided by operating activities for 2020 was $245,000. Capital expenditures were $131,000, and cash dividends were $89,079. 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 :1 (e) Accounts receivable turnover times (f) Average collection period days (g) Inventory turnover times (h) Days in inventory days (i) Times interest earned times () Asset turnover times (k) Debt to assets ratio % (1) Free cash flow $