Blossom Companyhas these comparative balance sheet data:

BLOSSOM COMPANY

Balance Sheets

December 31

2022

2021

Cash$15,015

$30,030

Accounts receivable (net)70,070

60,060

Inventory60,060

50,050

Plant assets (net)200,200

180,180

$345,345

$320,320

Accounts payable$50,050

$60,060

Mortgage payable (15%)100,100

100,100

Common stock, $10 par140,140

120,120

Retained earnings55,055

40,040

$345,345

$320,320

Additional information for 2022:

1.Net income was $26,000.2.Sales on account were $376,000. Sales returns and allowances amounted to $26,000.3.Cost of goods sold was $199,000.4.Net cash provided by operating activities was $56,000.5.Capital expenditures were $26,000, and cash dividends were $12,000.

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.enter current ratio rounded to 2 decimal places

:1(b)Accounts receivable turnover.enter accounts receivable turnover in times rounded to 1 decimal place

times(c)Average collection period.enter average collection period in days rounded to 1 decimal place

days(d)Inventory turnover.enter inventory turnover in times rounded to 2 decimal places

times(e)Days in inventory.enter days in inventory rounded to 1 decimal place

days(f)Free cash flow.$

enter free cash flow in dollars rounded to 1 decimal place