Question

CALCULATOR The comparative statements of Wahlberg Company are presented here. 2019 Wahlberg Company Income Statement For the Years Ended December 31 2020 Net sales $1,813,600 Cost of goods sold 1,013,400 Gross profit 800,200 Selling and administrative expenses 514,800 Income from operations 285,400 Other expenses and losses Interest expense 17,400 Income before income taxes 268,000 Income tax expense 78,019 Net income $ 189,981 $1,746,200 990,000 756,200 474,000 282,200 14,400 267,800 77,600 $ 190,200 Wahlberg Company Balance Sheets December 31 2020 2019 Assets

Answer 1

Ans: o carning for share . Net Income weighted average share outstanding $ 189,981 $275,600 + $300,100)/5/2 $3.3 - @ Return on Common stockh older's equity & Nel Income Average stockholder's equity = $189,981 (4545,300 44 468,300)/2 = 37.5% ③ Return on Assets a Nel Income Average total Assets $189,981 (4970, 4400+$854,800)/2 =120.8% / 1 Current Patio .. Current Assets Current Liabilities $371,300 $204,300 = 11.817:1] 6 Accounts Receivable Turnover , Net credit sales Average Accounts Receivable = $1813 600 Co 117,400 + $ 101,100)/2 16.6 times Avige collection perio f> 3.656 22 loys

1 Inventory Turnover a cost of Goods sold Average Inventory • Þ13400 (41.23,700 4 # 115,500)/2 1 8.5 lines] * Days in Mougintory 'n 365 . 43 days 8.5 - Times interest carmed EBIT Interest Expense $285, 400 $17,400 2 16.4 times 10) Assets Turnover & Net Sales Average total Assets = $1813600 [970,2200+$854,800/2 : 12 times ] Debt to Assets reatio e Tosel Debt tofal Assets $494,300 4970,200 = 43.73% | ♡ free Cash How & Net Cash provided by operating Activities - Capixel - Expenditure - Case dividend 2 +230,000 - $136,000 - $ 87,881 z | $6119
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