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Business, 05.05.2021 16:10 janaiartia

The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 2019 Net sales $1,813,300 $1,753,100 Cost of goods sold 1,008,900 983,000 Gross profit 804,400 770,100 Selling and administrative expenses 516,800 477,800 Income from operations 287,600 292,300 Other expenses and losses Interest expense 18,900 14,800 Income before income taxes 268,700 277,500 Income tax expense 78,224 77,700 Net income $ 190,476 $ 199,800 Wahlberg Company Balance Sheets December 31 Assets 2020 2019 Current assets Cash $60,200 $64,500 Debt investments (short-term) 49,200 70,600 Balance Sheets December 31 Assets 2020 2019 Current assets $64,500 Cash $60,200 Debt investments (short-term) 49,200 70,600 Accounts receiva ble 117,800 102,700 Inventory 114,700 123,600 Total current assets 372,200 331,100 Plant assets (net) 602,200 517,900 Total assets $974,400 $849,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable $159,200 $145,200 Income taxes payable 42,400 41,500 Total current liabilities 186,700 201,600 Bonds payable 220,000 200,000 Total liabilities 386,700 421,600 Stockholders' equity Common stock ($5 par) 275,300 301,900 Retained earnings 277,500 160,400 Total stockholders' equity 462,300 552,800 Total liabilities and stockholders' equity $974,400 $849,000 All sales were on account. Net cash provided by operating activities for 2020 was $231,000. Capital expenditures were $147,000, and cash dividends were $73,376 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 Return on assets (c) % (d) Current ratio 1 Accounts receivable turnover (e) times (f) Average collection period days (g) Inventory turnover times (h) Days in inventory days Times interest earned (i) times times Asset turnover (k) Debt to assets ratio % (I) Free cash flow

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