Golden Valley Corporation has the following comparative statement of financial position data:

2022 2021

Cash $25,900 $30,900

Receivables (net) 68,200 57,600

Inventory 60,400 52,300

Property, plant, equipment (net)198,000 180,000

$352,500 $320,800

Accounts payable $51,200 $54,600

Mortgage payable 101,000 101,000

Common shares 139,000 121,000

Retained earnings 61,300 44,200

$352,500 $320,800

Additional information for 2022:

1.Net income was $37,300.

2.Sales on account were $348,400.

3.Cost of goods sold was $197,300.

4.The allowance for doubtful accounts was $3,500 at the end of 2022, and $4,000 at the end of 2021.

5.Net cash provided by operating activities was $50,200.

6.Net capital expenditures were $24,600, and cash dividends were $20,200.

Calculate the following ratios at December 31, 2022:

(a)Current ratio : 1

(b)Receivables turnover times

(c)Average collection period days

(d)Inventory turnover times

(e)Days in inventory days

(f)Free cash flow

Golden Valley Corporation has the following comparative statement of financial position data: GOLDEN VALLEY CORPORATION Statement of Financial Position December 31 2022 2021 Cash $25,900 $30,900 Receivables (net) 68,200 57,600 Inventory 60,400 52,300 Property, plant and equipment (net) 198,000 180,000 $352,500 $320,800 Accounts payable $51,200 $54,600 Mortgage payable 101,000 101,000 Common shares 139,000 121,000 Retained earnings 61,300 44,200 $352,500 $320,800 Additional information for 2022: 1. Net income was $37,300. 2. Sales on account were $348,400. 3. Cost of goods sold was $197,300. 4. The allowance for doubtful accounts was $3,500 at the end of 2022, and $4,000 at the end of 2021. 5. Net cash provided by operating activities was $50,200. 6. Net capital expenditures were $24,600, and cash dividends were $20,200.4. The allowance for doubtful accounts was $3,500 at the end of 2022, and $4,000 at the end of 2021. 5. Net cash provided by operating activities was $50,200. 6. Net capital expenditures were $24,600, and cash dividends were $20,200. Calculate the following ratios at December 31, 2022: (Round current ratio, receivables turnover, average collection period, inventor turnover and days in inventory to 1 decimal place, e.g. 5.2:1 or 5.2. Use 365 days for calculation.) (a) Current ratio : 1 (b) Receivables turnover times (c) Average collection period days (d) Inventory turnover times (e) Days in inventory days (f) Free cash flow $ eTextbook and Media