US Support Question 3 View Policies Current Attempt in Progress The comparative statements of Wahlberg Company are presented here. Wahlberg Company Income Statement For the Years Ended December 31 2020 2019 Net sales $1.812.400 $1,745,900 Cost of goods sold 1,005,600 982,000 Gross profit 806,800 Selling and administrative expenses 518,600 763.900 479,200 284,700 Income from operations 288,200 Other expenses and losses Interest expense 14,600 18.500 Income before income taxes 269,700 270.100 Income tax expense 83.172 76,600 $ 193,500 $ 186,528 Net income Wahlberg Company Balance Sheets December 31 Assets 2020 2019 Current assets Cash $60,700 Debt investments (short-term) 70.400 $64,300 49,100 101,000 115.100 Accounts receivable 116,800 122,900 Inventory Total current assets 370,800 600,400 $971,200 329,500 519,700 Plant assets(net) Total assets $849,200 Liabilities and Stockholders' Equity Current liabilities Accounts payable $159,500 43,500 $144,000 42.900 Income taxes payable Total current liabilities 203,000 186.900 200,000 Bonds payable 220,000 Total liabilities 423,000 386,900 Stockholders' equity Common stock (55 par) Retained earnings 281,600 266,600 548.200 301,300 161,000 462,300 $849,200 Total stockholders' equity Total liabilities and stockholders' equity $971.200 All sales were on account. Net cash provided by operating activities for 2020 was $214.000. Capital expenditures were $130.000, and cash dividends were $80.928 Compute the following ratios for 2020. (Round Earnings per share. Current ratio and Asset turnover to 2 decimal places, s 1.65 or 1.65:1, and all other answers to I decimal place. es. 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 le) Accounts receivable turnover in Average collection period (8) (h) Inventory turnover Days in inventory times days Times interest earned times Asset turnover (k) Debt to assets ratio Free cash flow eTextbook and Media Save for Later Attempts: 0 of 3 used Sub Amer