Old MathJax webview

SUNLAND COMPANY Balance Sheets December 31 2022 2021 Cash $ 33.345 $ 66,690 Accounts receivable (net) 155.610 133.380 Inventory 133.380 111.150 Plant assets (net) 444.600 400.140 $766.935 $711.360 Accounts payable $ 111.150 $133.380 Mortgage payable (1576) 222.300 222.300 Common stock. $10 par Retained earnings 122.265 $766.935 5711, 360 Additional information for 2022: 1. Net income was $31.000. 2. Sales on account were $380.200. Sales returns and allowances amounted to $27.700. 3. Cost of goods sold was $206.700. 4 Net cash provided by operating activities was $57,100. 5. Capital expenditures were $26,600. and cash dividends were $17.500. Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal places, eg. 1.83 anda other answers to 1 decimal place, eg. 1.8. Use 365 days for calculation.) Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal places, eg. 1.83 am other answers to 1 decimal place, eg. 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 Free cash flow. $