The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years...
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The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 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 Assets Current assets 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 Wahlberg Company Balance Sheets December 31 $1,815,100 1,011,300 803,800 517,400 286,400 Common stock ($5 par) Retained earnings Total stockholders' equity 18,800 267,600 80,016 $ 187,584 2020 $60,100 68,100 116,200 123,100 367,500 604,300 $971,800 $160,300 43,600 203,900 220,000 423,900 282,200 265,700 547.900 2019 $1,745,300 995,000 750,300 479,000 271,300 13,500 257,800 77,100 $ 180,700 2019 $64,600 50,200 102,900 114,500 332,200 520,500 $852,700 $144,100 42,900 187,000 200,000 387,000 304,000 161,700 465,700 All sales were on account. Net cash provided by operating activities for 2020 was $232,000. Capital expenditures were $138,000, and cash dividends were $83,584. Compute the following ratios for 2020. (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) (j) (k) (1) Times interest earned Asset turnover Debt to assets ratio Free cash flow % % :1 times days times days times times % The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 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 Assets Current assets 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 Wahlberg Company Balance Sheets December 31 $1,815,100 1,011,300 803,800 517,400 286,400 Common stock ($5 par) Retained earnings Total stockholders' equity 18,800 267,600 80,016 $ 187,584 2020 $60,100 68,100 116,200 123,100 367,500 604,300 $971,800 $160,300 43,600 203,900 220,000 423,900 282,200 265,700 547.900 2019 $1,745,300 995,000 750,300 479,000 271,300 13,500 257,800 77,100 $ 180,700 2019 $64,600 50,200 102,900 114,500 332,200 520,500 $852,700 $144,100 42,900 187,000 200,000 387,000 304,000 161,700 465,700 All sales were on account. Net cash provided by operating activities for 2020 was $232,000. Capital expenditures were $138,000, and cash dividends were $83,584. Compute the following ratios for 2020. (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) (j) (k) (1) Times interest earned Asset turnover Debt to assets ratio Free cash flow % % :1 times days times days times times %
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1119392132
3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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