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Ivanhoe Combanv has these combarative balance sheet data: Additional information for 2025: 1. Net income was $24,500. 2. Sales on account were $400,000. Sales returns

image text in transcribedimage text in transcribedimage text in transcribed Ivanhoe Combanv has these combarative balance sheet data: Additional information for 2025: 1. Net income was $24,500. 2. Sales on account were $400,000. Sales returns and allowances amounted to $24,000. 3. Cost of goods sold was $208,000. 4. Net cash provided by operating activities was $53,000. 5. Capital expenditures were $15,000, and cash dividends paid were $13,500. 6. The bonds payable are due in 2038 . Compute the following ratios at December 31,2025 . (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.)

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