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Ivanhoe Company has these comparative balance sheet data: 1. Net income was $27,000. 2. Sales on account were $375,000. Sales returns and allowances amounted to
Ivanhoe Company has these comparative balance sheet data: 1. Net income was $27,000. 2. Sales on account were $375,000. Sales returns and allowances amounted to $25,000. 3. Cost of goods sold was $192,000. 4. Net cash provided by operating activities was $54,000. 5. Capital expenditures were $30,000, and cash dividends paid were $11,500. 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, eg. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) Compute the following ratios at December 31, 2025. (Round current ratio and inventory tumover to 2 decimal places, eg. 1.83 and all other answers to 1 decimal place, eg. 1.8. Use 365 days for calculation.) a. Current ratio b. Accounts receivable tumover times c. Average collection period days d. Inventory turnover times e. Days in inventory days f. Free cash flow
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