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2019 $1.751.600 1,007,100 Cullumber Company Income Statements For the Years Ended December 31 2020 Net sales $1,891,640 Cost of goods sold 1,059,640 Gross profit 832,000 Selling and administrative expenses 501.100 Income from operations 330.900 Other expenses and losses Interest expense 23,700 Income before income taxes 307,200 Income tax expense 93,700 Net income $213,500 744,500 480,100 264,400 21,700 242,700 74,700 $168.000 2019 $64,200 50.000 103,900 117.200 335,300 532,300 $867.600 Cullumber Company Balance Sheets December 31 Assets 2020 Current assets Cash $60,100 Debt investments (short-term) 74,000 Accounts receivable 118,900 Inventory 127,700 Total current assets 380,700 Plant assets (net) 661,000 Total assets $1,041.700 Liabilities and Stockholders Equity Current liabilities Accounts payable $161.100 Income taxes payable 45,200 Total current liabilities 206,300 Bonds payable 232,000 Total liabilities 438,300 Stockholders' equity Common stock ($5 par) 290.000 Retained earnings 313,400 Total stockholders' equity 603.400 Total liabilities and stockholders' equity $1,041.700 $146,500 43,700 190,200 212.000 402,200 300,000 165.400 455,400 5867,600 All sales were on account. Net cash provided by operating activities for 2020 All sales were on account. Net cash provided by operating activities for 2020 was $227,00 Capital expenditures were $136.000, and cash dividends were $49,900 Compute the following ratios for 2020. (Round free cash flow to decimal places. 5,275 and all oth answers to 2 decimal places, 1.3 1.1. Use 165 ay for (0) Earnings per share $ (b) Return on common stockholders' equity (c) Return on assets 4 (d) Current ratio (c) Accounts receivable turnover times (9 Average collection period days Inventory turnover times (h) Days in inventory days Times interest earned times Asset turnover times (k) Debt to assets ratio Free cash flow

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