Balance Sheets December 31 2022 2021 Cash $ 30,495 $60,990 121,980 Accounts receivable (net) 142,310 Inventory Plant assets (net) 121,980 101,650 406,600 365,940 $701,385 $650,560 $ 101,650 $ 121,980 Accounts payable Mortgage payable (15%) 203,300 203,300 Common stock, $10 par 284,620 243,960 Retained earnings 111,815 81,320 $701,385 $650,560 Additional information for 2022: 1. Net income was $32,700. 2. Sales on account were $382,800. Sales returns and allowances amounted to $27,100. 3. Cost of goods sold was $224,200. 4. Net cash provided by operating activities was $58,800. 5. Capital expenditures were $28,800, and cash dividends were $14,400. 3. Cost of goods sold was $224,200. 4. Net cash provided by operating activities was $58,800. 5. Capital expenditures were $28,800, and cash dividends were $14,400. Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal places, eg. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) (a) Current ratio. (b) Accounts receivable turnover. times (c) Average collection period. days (d) Inventory turnover. times (e) Days in inventory. days (f) Free cash flow