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Blossom Company has these comparative balance sheet data: Additional information for 2022 : 1. Net income was $32,400. 2. Sales on account were $376,500. Sales

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image text in transcribed Blossom Company has these comparative balance sheet data: Additional information for 2022 : 1. Net income was $32,400. 2. Sales on account were $376,500. Sales returns and allowances amounted to $26,700. 3. Cost of goods sold was $202,100. 4. Net cash provided by operating activities was $59,100. 5. Capital expenditures were $29,400, and cash dividends paid were $17,300. 6. The bonds payable are due in 2035. Additional information for 2022 : 1. Net income was $32,400. 2. Sales on account were $376,500. Sales returns and allowances amounted to $26,700. 3. Cost of goods sold was $202,100. 4. Net cash provided by operating activities was $59,100. 5. Capital expenditures were $29,400, and cash dividends paid were $17,300. 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. (b) Accounts receivable turnover. (c) Average collection period. (d) Inventory turnover. (e) Days in inventory. :1 times days times days (f) Free cash flow. $

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