DUFFY DOG CORPORATION Statement of Financial Position December 31 2022 2021 Cash $ 24,300 $ 31,300 Receivables (net) 63,000 61.000 Inventory 60,800 52.500 Property, plant and equipment (net) 199,000 179.000 $347.100 $323,800 Accounts payable $ 43,100 $ 62,600 Mortgage payable 100,000 100,000 Common shares 141,000 120,000 Retained earnings 63.000 41.200 $ 347,100 $323,800 Additional information for 2022: 1. 2 3. Net income was $ 39,900 Sales on account were $ 353,000. Cost of goods sold was $ 196,000. The allowance for doubtful accounts was $ 3,600 at the end of 2022, and $ 3.700 at the end of 2021 Net cash provided by operating activities was $ 46,200. Net capital expenditures were $ 24,500, and cash dividends were $ 18.100. 4. 5. 6. Calculate the following ratios at December 31, 2022: (Round current ratio, receivables turnover, average collection period, Inventory turnover and days in Inventory to 1 decimal place, eg. 52:1 or 5.2. Use 365 days for calculation) (a) Current ratio 11 (6) Receivables turnover times (c) Average collection period days (d) Inventory turnover times le) Days in inventory days (0) Free cash flow