ORIOLE COMPANY Balance Sheets December 31 2020 Cash $ 37,350 Accounts receivable (net) 174.300 Inventory 149,400 Plant assets (net) 498.000 $859.050 Accounts payable $ 124,500 Mortgage payable (1596) 249.000 Common stock, $10 par 348.600 Retained earnings 136,950 $859,050 2019 $ 74.700 149,400 124,500 448.200 $796.800 $ 149.400 249,000 298.800 99.600 $796,800 Additional information for 2020: Net income was $34.100. Sales on account were $383.000. Sales returns and allowances amounted to $27,900. Cost of goods sold was $224,200. Net cash provided by operating activities was $59.100 Capital expenditures were $27,400, and cash dividends were $19.400. Compute the following ratios at December 31, 2020. (Round current ratio and inventory turnover to 2 decimal places, es. 1.83 and all other answers to 1 decimal place, eg. 1.8. Use 365 days for calculation) (a) :1 (b) times Current ratio Accounts receivable turnover. Average collection period Inventory turnover days (d) times le) days Days in inventory $ Free cash flow. (1) Whispering Winds Corp. incurred the following costs while manufacturing its product. Materials used in product $130,300 Advertising expense Depreciation on plant 62,500 Property taxes on plant Property taxes on store 8.270 Delivery expense Labor costs of assembly-line workers 116,100 Sales commissions Factory supplies used 34.000 Salaries paid to sales clerks $55,200 24,300 26,100 38,100 59,300 Work in process inventory was $14,400 at January 1 and $17,600 at December 31. Finished goods inventory was $61,100 at January 1 and $48,500 at December 31. (a) Compute cost of goods manufactured. Cost of goods manufactured