Exercise 13-9 Blossom Company has these comparative balance sheet data: BLOSSOM COMPANY Balance Sheets December 31 2017 2016 Cash $ 36,060 $ 72,120 Accounts receivable (net) 168,280 144,240 Inventory 144,240 120,200 Plant assets (net) 480,800 432,720 $829,380 $769,280 Accounts payable $ 120,200 $ 144,240 Mortgage payable (15%) 240,400 240,400 Common stock, $10 par 336,560 288,480 Retained earnings 132,220 96,160 $829,380 $769,280 Additional information for 2017: 1. Net income was $27,800. 2. Sales on account were $380,600. Sales returns and allowances amounted to $26,800. 3. Cost of goods sold was $213,300. 4. Net cash provided by operating activities was $58,300. 5. Capital expenditures were $27,300, and cash dividends were $21,900. Compute the following ratios at December 31, 2017. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) (a) Current ratio. :1 (b) Accounts receivable turnover. times (c) Average collection period. days (d) Inventory turnover. times (e) Days in inventory. days (f) Free cash flow. $