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Bonita Company has these comparative balance sheet data: Bonita Company Balance Sheets December 31 2022 2021 Cash $16,000 $31,000 Accounts receivable (net) 71,000 59,000 Inventory
Bonita Company has these comparative balance sheet data: 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 Bonds payable (15% ) 105,000 105,000 Common stock, $10 par 144,000 122,000 Retained earnings 53,000 33,900 $352,000 $320,000 Additional information for 2022: 1. Net income was $24,100. 2. Sales on account were $410,200. Sales returns and allowances amounted to $24,100. 3. Cost of goods sold was $198,000. 4. Net cash provided by operating activities was $45,800. 5. Capital expenditures were $23,400, and cash dividends paid were $10,300. 6. The bonds payable are due in 2035. Additional information for 2022: 1. Net income was $24,100. 2. Sales on account were $410,200. Sales returns and allowances amounted to $24,100. 3. Cost of goods sold was $198,000. 4 Net cash provided by operating activities was $45,800. 5. Capital expenditures were $23,400, and cash dividends paid were $10,300. 6. The bonds payable are due in 2035. 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.) (a) Current ratio (b) Accounts receivable turnover (c) Average collection period (d) Inventory turnover (e) Days in inventory (f) Free cash flow Save for Later times days times days Attempts: 0 of 1 used Submit
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