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Kimmel, Accounting, 6e Gradebook ORION signment ment 67,800 33,900 Cash 135,600 158,200 Accounts receivable (net) 113,000 135,600 Inventory 406,800 452,000 Plant assets (net) $779,700 $723,200

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Kimmel, Accounting, 6e Gradebook ORION signment ment 67,800 33,900 Cash 135,600 158,200 Accounts receivable (net) 113,000 135,600 Inventory 406,800 452,000 Plant assets (net) $779,700 $723,200 135,600 113,000 Accounts payable 226,000 226,000 316,400 271,200 Mortgage payable (15%) Common stock, $10 par 124,300 90,400 Retained earnings Additional information for 2017: 1. Net income was $29,200. 2. Sales on account were $379,100. Sales returns and allowances amounted to $28,000. 3. Cost of goods sold was $203,800. 4, Net cash provided by operating activities was $58,000. 5. Capital expenditures were $27,500, and cash dividends were $19,600. Compute the following ratios at December 31, 2017. (Round current ratio to 2 decimal pl (a) Current ratio. (b) Accounts receivable turnover, times (c) Average collection period. days (d) Inventory turnover. times (e) Days in inventory. days Free cash flow, Reserved Division

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