Pharoah Company has these comparative balance sheet data: Pharoah Company Balance Sheets December 31 2025 2024 Cash $18,000 $36,000 Accounts receivable (net) 70,000 60,000 Inventory 64,000 46,000 Plant assets (net) 220,000 200,000 $372,000 $342,000 Accounts payable $39,500 $49,000 Bonds payable (15%) 135,000 135,000 Common stock, $10 par 150,000 118,000 Retained earnings 47,500 40.000 $372,000 $342,000 Additional information for 2025: 1. Net income was $20,500. 2. Sales on account were $355,000. Sales returns and allowances amounted to $25,000. 3. Cost of goods sold was $210,000. 4. Net cash provided by operating activities was $53,000. 5. Capital expenditures were $25,000, and cash dividends paid were $13,000. 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, eg. 1.83 and all other answers to 1 decimal place, eg. 1.8. Use 365 days for calculation.) a. Current ratio b. Accounts receivable turnover :1 times Compute the following ratios at December 31, 2025. (Round current ratio and inventory turnover to 2 decimal places, eg. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) a. Current ratio b. Accounts receivable turnover C Average collection period d. Inventory turnover e Days in inventory f. Free cash flow eTextbook and Media Save for Later :1 times days times days Attempts: 0 of 3 used Submit