The comparative statements of Pharoah Company are presented here: Pharoah Company
Income Statements
For the Years Ended December 31
2020 2019
Net sales
$1,898,740. $1,758,700
Cost of goods sold
1,066,740. 1,014,200
Gross profit
832,000. 744,500
Selling and administrative expenses
508,200. 487,200
Income from operations
323,800. 257,300
Other expenses and losses
Interest expense
23,400. 21,400
Income before income taxes
300,400. 235,900
Income tax expense
93,400. 74,400
Net income
$207,000. $161,500

Pharoah Company
Balance Sheets
December 31
Assets
2020. 2019
Current assets
Cash
$60,100. $64,200
Debt investments (short-term)
74,000 50,000
Accounts receivable
126,000. 111,000
Inventory
127,400. 116,900
Total current assets
387,500 342,100
Plant assets (net)
663,000 534,300
Total assets
$1,050,500 $876,400
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable
$168,200 $153,600
Income taxes payable
44,900 43,400
Total current liabilities
213,100 197,000
Bonds payable
234,000 214,000
Total liabilities
447,100 411,000
Stockholders’ equity
Common stock ($5 par)
290,000 300,000
Retained earnings
313,400 165,400
Total stockholders’ equity
603,400 465,400
Total liabilities and stockholders’ equity
$1,050,500 $876,400

All sales were on account. Net cash provided by operating activities for 2020 was $243,000. Capital expenditures were $137,000, and cash dividends were $59,000.

Compute the following ratios for 2020. (Round free cash flow to 0 decimal places, e. g. 5,275 and all other answers to 2 decimal places, e. g. 1.83 or 1.83%. Use 365 days for calculation.)

(a)
Earnings per share
$enter a dollar amount rounded to 2 decimal places
(b)
Return on common stockholders’ equity
enter percentages rounded to 2 decimal places
%
(c)
Return on assets
enter percentages rounded to 2 decimal places
%
(d)
Current ratio
enter Current ratio rounded to 2 decimal places
:1
(e)
Accounts receivable turnover
enter Accounts receivable turnover in times rounded to 2 decimal places
times
(f)
Average collection period
enter Average collection period in days rounded to 2 decimal places
days
(g)
Inventory turnover
enter Inventory turnover in times rounded to 2 decimal places
times
(h)
Days in inventory
enter Days in inventory rounded to 2 decimal places
days
(i)
Times interest earned
enter Times interest earned rounded to 2 decimal places
times
(j)
Asset turnover
enter Asset turnover in times rounded to 2 decimal places
times
(k)
Debt to assets ratio
enter percentages rounded to 2 decimal places
%
(l)
Free cash flow
$enter a dollar amount rounded to 0 decimal places