2022 2021 Cash $ 16,800 $33,600 Accounts receivable (net) 78,400 67,200 Inventory 67,200 56,000 Plant assets (net) 224,000 201,600 $386,400 $358,400 Accounts payable $56,000 $67,200 Bonds payable (15%) 112000 112,000 Common stock, $10 par 156,800 134,400 Retained earnings 61,600 44,800 $386,400 $358,400 Additional information for 2022: 1. Net income was $26,200. 2. Sales on account were $380,400. Sales returns and allowances amounted to $28,500. 3. Cost of goods sold was $225,300. 2. Sales on account were $380,400. Sales returns and allowances amounted to $28,500. 3. Cost of goods sold was $225,300. 4. Net cash provided by operating activities was $59,100. 5. Capital expenditures were $27,600, and cash dividends paid were $16.600. 6. The bonds payable are due in 2035. Compute the following ratios at December 31, 2022. (Round current ratio to 2 decimal places, e.g. 1.83. Round accounts receivable turnover, average collection period, inventory turnover and days in inventory to 1 decimal place, e.g. 1.8. Use 365 days for calculation. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (a) Current ratio. :1 (b) Accounts receivable turnover. times (c) Average collection period. days (d) Inventory turnover. times. (e) Days in inventory days Compute the following ratios at December 31, 2022. (Round current ratio to 2 decimal places, e.g. 1.83. Round accounts receivable turnover, average collection period, inventory turnover and days in inventory to 1 decimal place, e.g. 1.8. Use 365 days for calculation. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (a) Current ratio. :1 (b) Accounts receivable turnover. times (c) Average collection period. days (d) Inventory turnover. times (e) Days in inventory. (f) Free cash flow. days