Current Attempt in Progress Sunland Company has these comparative balance sheet data: SUNLAND COMPANY Balance Sheets December 31 2022 2021 Cash $36,930 $73,860 Accounts receivable (net) 172,340 147,720 Inventory 147,720 123,100 Plant assets (net) 492,400 443,160 $849,390 $787,840 Accounts payable $123,100 $ 147,720 Mortgage payable (15% ) 246,200 246,200 Common stock, $10 par 344,680 295,440 Retained earnings 135,410 98,480 $849,390 $787,840 Additional information for 2022: 1. Net income was $26,300. 2. Sales on account were $379,500. Sales returns and allowances amounted to $30,000. 3. Cost of goods sold was $228,900. 4. Net cash provided by operating activities was $56,000. 5. Capital expenditures were $28,500, and cash dividends were $17,900. 12 Compute the following ratios at December 31, 2022. (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.) Current estin Additional information for 2022: 1. Net income was $26,300 2 Sales on account were $379.500. Sales returns and allowances amounted to $30,000 3. Cost of goods sold was $228,900, 4. Net cash provided by operating activities was $56.000. 5. Capital expenditures were $28,500, and cash dividends were $17.900. Compute the following ratios at December 31, 2022. (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 (9) Accounts receivable turnover (c) Average collection period (d) Inventory turnover 1 times days times (e) Days in inventory i Free cash flow. days