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Lily Company has these comparative balance sheet data: 1. Net income was $25,700. 2. Sales on account were $406,450. Sales returns and allowances amounted to
Lily Company has these comparative balance sheet data: 1. Net income was $25,700. 2. Sales on account were $406,450. Sales returns and allowances amounted to $25,700. 3. Cost of goods sold was $201,600. 4. Net cash provided by operating activities was $44,200. 5. Capital expenditures were $26,600, and cash dividends paid were $8,700. 6. The bonds payable are due in 2035 . Compute the following ratios at December 31,2022. (Round current ratio to 2 decimal places, e.g. 1.67, Round Accounts receivable turnover, Average collection period, Inventory turnover and Days in inventory to 1 decimal place, e.g. 1.6. )
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