Pharoah Company Balance Sheets December 31 2025 2024 Cash $18,000 $36,000 Accounts receivable (net) 80,000 63,000 Inventory 57,000 47,000 Plant assets (net) 245,000 225,000 $400,000 $371,000 Accounts payable $41,000 $56,000 Bonds payable (15%) 145,000 145,000 Common stock, $10 par 160,000 130,000 Retained earnings 54,000 40,000 $400,000 $371,000 Additional information for 2025: 1. Net income was $25,000. 2. Sales on account were $375,000. Sales returns and allowances amounted to $27,000. 3. Cost of goods sold was $192,000. 4. Net cash provided by operating activities was $49.000. 5. Capital expenditures were $25,000, and cash dividends paid were $11,000. 6. The bonds payable are due in 2038. Compute the following ratios at December 31, 2025. (Round current ratio and inventory turnover 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 3.78 :1 b. Accounts receivable turnover 1.27 times C. Average collection period 287 days d. Inventory turnover 0.87 times e. Days in inventory 420 days f. Free cash flow $ 24000