1. Net income was $35,000. 2. Sales on account were $460,000. Sales returns and allowances amounted to $32,250. 3. Cost of goods sold was $325,000. 4. Net cash provided by operating activities was $59,000. 5. Capital expenditures were $33,000, and cash dividends were $28,000. Compute the following ratios at December 3 1, 2021: f Use 365 days for calculation. Round answers to I declare! place, 8.3. 52.7.) (a) Current ratio :1 (b) Accounts receivable turnover times (c) Average collection period days (d) Inventory turnover times (e) Days in inventory days Sa nd hill Company has these comparative balance sheet data: SANDHILLCOMPANY Balance Sheets December 31 Cash Accounts receivable {net} Inventory Property, plant and equipment {net} Accounts payable Mortgage payable {15%, due in 15 years) Common stock, $10 par Retained earnings 2021 2020 $53,000 $40,000 75,000 70,000 70,000 60,000 195,000 190,000 393,000 360,000 60,000 70,000 110,000 110,000 150,000 130,000 73,000 50,000 393,000 360,000