Bonita Company Balance Sheets December 31 2022 2021 Cash $ 16,000 $ 31,000 Accounts receivable (net) 71,000 59,000 Inventory 61,000 49,000 Plant assets (net) 204,000 181,000 $352,000 $320,000 Accounts payable $50,000 $59.100 105,000 105,000 Bonds payable (15%) Common stock, $10 par Retained earnings 144,000 122,000 53,000 33,900 $352,000 $320,000 Additional information for 2022: 1. Net income was $24.100. 2. 3. 4 Sales on account were $410,200. Sales returns and allowances amounted to $24.100. Cost of goods sold was $198.000. Net cash provided by operating activities was $45,800. Capital expenditures were $23,400, and cash dividends paid were $10,300. The bonds payable are due in 2035. 5. 6. Compute the following ratios at December 31, 2022. (Round current ratio to 2 decimal places, eg. 1.67. Round Accounts receivable turnover. Average collection period, Inventory turnover and Days in inventory to 1 decimal place, eg. 1.6.) 2.96 1 (a) Current ratio 60 times (b) Accounts receivable turnover 608 days (c) Average collection period TL Compute the following ratios at December 31, 2022. (Round current ratio to 2 decimal places, eg. 1.67. Round Accounts receivable turnover, Average collection period, Inventory turnover and Days in inventory to 1 decimal place, es 16.) (a) Current ratio 2.96 :1 (b) Accounts receivable turnover 6.0 times (c) Average collection period 608 days (d) Inventory turnover 101.4 times le) Days in inventory 3.6 days (1) Free cash flow 12,100