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Crane Company has these comparative balance sheet data: CRANE COMPANY Balance Sheets December 31 2017 2016 Cash 33,900 $ 67,800 Accounts receivable (net) 158,200135,600 135,600

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Crane Company has these comparative balance sheet data: CRANE COMPANY Balance Sheets December 31 2017 2016 Cash 33,900 $ 67,800 Accounts receivable (net) 158,200135,600 135,600 113,000 452,000 406,800 779,700 $723,200 $ 113,000 $135,600 Mortgage payable (15%) 226,000 226,000 Common stock, $10 par 316,400 271,200 124,300 90,400 $779,700 $723.200 Inventory Plant assets (net) Accounts payable Retained earnings Additional information for 2017 1. Net income was $ 29,20o. 2. Sales on account were $ 379,100. Sales returns and allowances amounted to $ 28,000. 3. Cost of goods sold was $ 203,800. 4. Net cash provided by operating activities was $ 58,000 5. Capital expenditures were $27,500, and cash dividends were $ 19,600. Compute the following ratios at December 31,2017. (Round current ratio and inventory turnover to 2 decimal places,e. 1.83 and all other answers to 1 decimal place,eg, 18. Use 365 days for calculation.) Compute the following ratios at December 31, 2017. (Round current ratio and inventory turnover to 2 decimal places,eg. 1.83 and all other answers to 1 decimal place, eg.1.8. Use 365 days for calculation.) (a) Current ratio. (b) Accounts receivable turnover (c) Average collection period. (d) Inventory turnover (e) Days in inventory (f) Free cash flow. times days times days

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