The comparative statements of Wahlberg Company are presented here.

All sales were on credit. Net cash provided by operating activities for 2022 was $220,000. Capital expenditures were $136,000, and cash dividends paid were $70,000.

Instructions

Compute the following ratios for 2022.

a. Earnings per share.
b. Return on common stockholders’ equity.
c. Return on assets.
d. Current ratio.
e. Accounts receivable turnover.
f. Average collection period.
g. Inventory turnover.
h. Days in inventory.
i. Times interest earned.
j. Asset turnover.
k. Debt to assets ratio.
l. Free cash flow

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Wahlberg Company Income Statements For the Years Ended December 31 2022 $1,890,540 1,058,540 832,000 500,000 332,000 22,000 310,000 92,000 $ 218,000 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 Net income 2021 $1,750,500 1,006,000 744,500 479,000 265,500 20,000 245,500 73,000 $ 172,500