ORIOLE COMPANY Balance Sheets December 31 2022 2021 Cash $ 15,900 $ 31,800 Accounts receivable (net) 74,200 63,600 Inventory 63.600 53,000 Plant assets (net) 212,000 190,800 $365,700 $339,200 Accounts payable $ 53,000 $ 63,600 Mortgage payable (15%) 106,000 106,000 Common stock, $10 par 148,400 127,200 Retained earnings 58,300 42,400 $365,700 $339,200 Additional information for 2022: 1. Net income was $33,900. 2. Sales on account were $395,200. Sales returns and allowances amounted to $28,100. 3. Cost of goods sold was $217,500. 4. Net cash provided by operating activities was $56,500. 5. Capital expenditures were $26,600, and cash dividends were $20,800. Compute the following ratios at December 31, 2022. (Round current ratio to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, eg. 1.8. Use 365 days for calculation.) (a) Current ratio. 2.9 :1 (b) Accounts receivable turnover. 3.5 times (c) Average collection period. 104.3 days (d) Inventory turnover. 2.4 times (e) Days in inventory. 152 days (f) Free cash flow. $ 5,800 e Textbook and Media Save for Later Attempts: 2 of 3 used Submit