" HW-Ch13 Course Hero X What is inventory turnover: inve x G what is cost of goods sold - Go x + C coc.instructure.com/courses/22387/assignments/576110?module_item_id=1202157 G + ConferZOOM Question 10 --/2 Announcements View Policies WileyPLUS Support Current Attempt in Progress Library Account Cullumber Company has these comparative balance sheet data: The Learning Center CULLUMBER COMPANY Dashboard Purchase Course Balance Sheets Materials December 31 Courses Google Drive 2020 2019 Cash $ 16,350 $ 32,700 NameCoach Accounts receivable (net) 76,300 65,400 Calendar Campus Resource Inventory 65,400 54,500 Guide Plant assets (net) 218,000 196,200 $376,050 $348,800 Inbox Accounts payable $ 54,500 $ 65,400 ? Mortgage payable (15%) 109,000 109,000 Help Common stock, $10 par 152,600 130,800 Retained earnings 59,950 43,600 $376,050 $348,800 Additional information for 2020: 1. Net income was $34,000. 2. Sales on account were $383,300. Sales returns and allowances amounted to $26,600. 3. Cost of goods sold was $200,600. 4. Net cash provided by operating activities was $59,000. 5. Capital expenditures were $26,400, and cash dividends were $16,500. K Compute the following ratios at December 31, 2020. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other answers to 1" HW-Ch13 Course Hero X What is inventory turnover: inve x G what is cost of goods sold - Go x + C coc.instructure.com/courses/22387/assignments/576110?module_item_id=1202157 G + Campus Resource Inventory 65,400 54,500 Guide Plant assets (net) 218,000 196,200 $376,050 $348,800 Accounts payable $ 54,500 $ 65,400 Mortgage payable (15%) 109,000 109,000 Account Common stock, $10 par 152,600 130,800 Retained earnings 59,950 43,600 Dashboard $376,050 $348,800 Courses Additional information for 2020: Calendar 1. Net income was $34,000. 2. Sales on account were $383,300. Sales returns and allowances amounted to $26,600. 3. Cost of goods sold was $200,600. Inbox 4. Net cash provided by operating activities was $59,000. ? 5. Capital expenditures were $26,400, and cash dividends were $ 16,500. Help Compute the following ratios at December 31, 2020. (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. K