Cullumber Company Balance Sheets December 31 2022 2021 Cash $16,000 $31,000 Accounts receivable (net) 70,000 61,000 Inventory 61,000 51,000 Plant assets (net) 201,000 182,000 $348,000 $325,000 Accounts payable $50,000 $60,500 Bonds payable (15%) 100,500 100,500 Common stock, $10 par 136,000 120,500 Retained earnings 61,500 43,500 $348,000 $325,000 Additional information for 2022: 1. Net income was $25,700. 2. Sales on account were $406,450. Sales returns and allowances amounted to $20,000. 3. Cost of goods sold was $201,600. 4. Net cash provided by operating activities was $44,200. 5. Capital expenditures were $26,600, and cash dividends paid were $8,700. 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 $ :1 times days times days