Balance Sheets December 31 2025 2024 Cash $16,000 $32,000 Accounts receivable (net) 70,000 65,000 Inventory 61,000 46,000 Plant assets (net) 225,000 210,000 $372,000 $353,000 Accounts payable $53,000 $62,000 Bonds payable (15%) 125,000 125,000 Common stock, $10 par 142,000 126,000 Retained earnings 52,000 40,000 $372,000 $353,000 Additional information for 2025: 1. Net income was $24,500. 2. Sales on account were $370,000. Sales returns and allowances amounted to $23,000. 3. Cost of goods sold was $208,000. 4. Net cash provided by operating activities was $48,000. 5. Capital expenditures were $20,000, and cash dividends paid were $12,500. 6. The bonds payable are due in 2038. Compute the following ratios at December 31, 2025. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.8 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) a. Current ratio b. Accounts receivable turnover C. Average collection period d. Inventory turnover e. Days in inventory 2.7736 :1 5.286 times 94 days 3.89 times 938 days f. Free cash flow 28000