2 of 5 View Policies Current Attempt in Progress Crane Company has these comparative balance sheet data: CRANE COMPANY Balance Sheets December 31 2022 2021 Cash $33,900 $ 67,800 Accounts receivable (net) 158,200 135,600 Inventory 135,600 113,000 Plant assets (net) 452,000 406,800 $779,700 $723,200 Accounts payable $113,000 $ 135,600 Mortgage payable (15%) 226,000 226,000 Common stock, $10 par 316,400 271,200 Retained earnings 124,300 90,400 $779,700 $723,200 Additional information for 2022: 1. Net income was $29,200. 2. Sales on account were $379,100. Sales returns and allowances amounted to $28,000. 3. Cost of goods sold was $203,800. 4. Net cash provided by operating activities was $58,000. 5. Capital expenditures were $27,500, and cash dividends were $19,600. -18 E Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) (a) Current ratio. :1 (b) Accounts receivable turnover. times (c) Average collection period. days (d) Inventory turnover. times (e) Days in inventory. days (f) Free cash flow. $