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income statemmests PX ito 3,AP The Companative statements of Wahlberg Company are peesentes statements Wablberg Company Income Statements For the Years Ended December 31 2019 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,750,300 $1,890,540 1,058 540 832,000 $00,000 332,000 744,500 479.000 Interest expense Income before income taxes Income tax expense Net income 20,000 245,500 310,000 Problems: SetA 144 Wahlberg Company Balance Sheets December 31 2019 Carrent assets Cash s 60,100 64,200 50,000 102,800 115.500 332.500 Debt investments (short-term) Accounts receivable 74,000 117,800 126,000 377,900 649,000 Total current assets Plant assets (aet) Total assets $1026 900 32.800 Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable S 160,000 $145,400 187,400 387,400 43,500 203.500 Total current liabilities Bonds payable Total liabilities Stockholders equity Common stock (55 par) 290,000 313,400 603,400 $1,026,900 Retained earnings 165,400 465,400 Total stockholders' equity Total liabilities and stockholders' equity All sales were on account. Net cash provided by operating activities for 2020 was $220,000. Capital expenditures were $136,000, and cash dividends were $70,000 Compute the following ratios for 2020. a. Earnings per share. b. Return on common stockholders' equity e. Return on assets. d. Current ratio. e Accounts reccivable turnover . Average collection period. & Inventory turnover. h. Days in inventory L Times interest carned .Asset turnover k. Debt to assets ratio. L Free cash flow

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