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Bramble Company has these comparative balance sheet data: Bramble Company Balance Sheets December 31 2022 2021 Cash $14,000 $29,000 Accounts receivable (net) 71,000 61,000 Inventory
Bramble Company has these comparative balance sheet data: Bramble Company Balance Sheets December 31 2022 2021 Cash $14,000 $29,000 Accounts receivable (net) 71,000 61,000 Inventory 60,000 50,000 Plant assets (net) 205,000 184,000 $350,000 $324,000 Accounts payable $50,000 $59,800 Bonds payable (15%) 110,000 110,000 Common stock, $10 par 141,000 120,000 Retained earnings 49,000 34,200 $350,000 $324,000 Additional information for 2022: 1. Net income was $24,400. 2. Sales on account were $409,300. Sales returns and allowances amounted to $24,400. 3. Cost of goods sold was $198,000. 4. Net cash provided by operating activities was $44,800. 5. Capital expenditures were $25,400, and cash dividends paid were $9,300. 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. 1.67. Round Accounts receivable turnover, Average collection period, Inventory turnover and Days in inventory to 1 decimal place, e.g. 1.6.) (a) Current ratio (b) Accounts receivable turnover (c) Average collection period (d) Inventory turnover (e) Days in inventory (f) Free cash flow 69 $ :1 times days times days
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