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Crane Company has these comparative balance sheet data: CRANE COMPANY Balance Sheets December 31 2017 Cash $ 27,645 Accounts receivable (net) 129,010 Inventory 110,580 Plant

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Crane Company has these comparative balance sheet data: CRANE COMPANY Balance Sheets December 31 2017 Cash $ 27,645 Accounts receivable (net) 129,010 Inventory 110,580 Plant assets (net) 368,600 $635,835 2016 $ 55,290 110,580 92,150 331,740 $589,760 Accounts payable Mortgage payable (15%) Common stock, 510 par Retained earnings $ 92,150 184,300 258,020 101,365 $ 110,580 184,3 221,160 73,720 5635,835 $589,760 Additional information for 2017: 1. Net income was 526,900. 2. Sales on account were $392,300. Sales returns and allowances amounted to $27,000. 3. Cost of goods sold was $217,600. 4. Net cash provided by operating activities was $59.800. 5. Capital expenditures were 526,800, and cash dividends were $12.300. 2 sales on account were $392,300. Sales returns and allowances amounted to $27,000. 3. Cost of goods sold was $217,600. 4. Net cash provided by operating activities was $59.800. 5. Capital expenditures were $26.800, and cash dividends were $12.300. Compute the following ratios at December 31, 2017. (Round free cash flow to o decimal places,.. 5,275 and all other answers to I decimal place, .g. L. Use 365 days for calculation) (a) Current ratio. 11 (b) Accounts receivable turnover (c) Average collection period. days (d) Inventory turnoves times (0) Days in inventory days (f) Free cash flow 5 Click if you would like to show Work for this questioni Qen Show

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