The comparative statements of Wahlberg Company are presented here:

Wahlberg CompanyIncome StatementsFor the Years Ended December 31
		2019		2018
Net sales		$1,890,540		$1,750,500
Cost of goods sold		1,058,540		1,006,000
Gross profit		832,000		744,500
Selling and administrative expenses		500,000		479,000
Income from operations		332,000		265,500
Other expenses and losses
Interest expense		22,000		20,000
Income before income taxes		310,000		245,500
Income tax expense		92,000		73,000
Net income		$218,000		$172,500

Wahlberg CompanyBalance SheetsDecember 31
Assets		2019		2018
Current assets
Cash		$60,100		$64,200
Debt investments (short-term)		74,000		50,000
Accounts receivable		117,800		102,800
Inventory		126,000		115,500
Total current assets		377,900		332,500
Plant assets (net)		649,000		520,300
Total assets		$1,026,900		$852,800
Liabilities and Stockholders? Equity
Current liabilities
Accounts payable		$160,000		$145,400
Income taxes payable		43,500		42,000
Total current liabilities		203,500		187,400
Bonds payable		220,000		200,000
Total liabilities		423,500		387,400
Stockholders? equity
Common stock ($5 par)		290,000		300,000
Retained earnings		313,400		165,400
Total stockholders? equity		603,400		465,400
Total liabilities and stockholders? equity		$1,026,900		$852,800

All sales were on account. Net cash provided by operating activities for 2019 was $239,000. Capital expenditures were $136,000, and cash dividends were $59,100.Compute the following ratios for 2019.?

(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
(j)		Asset turnover			times
(k)		Debt to assets ratio			%
(l)		Free cash flow		$

Answer rating: 100% (QA)

aEarnings per share Earnings per share Net Income Weighted average number of common shares 218000 58... View the full answer