Question 1 of 3 View Policies Current Attempt in Progress Oak Corporation has the following comparative statement of financial position data. OAK CORPORATION Statement of Financial Position December 31 2022 2021 Cash $ 26,300 $ 30,400 Receivables (net) 62,300 60,900 Inventory 57.100 51,600 Property, plant and equipment (net) 199,000 181,000 $ 344.700 $323,900 Accounts payable $50,000 $59.300 Mortgage payable 99,000 99,000 Common shares 138,000 120.900 Retained earnings 57.700 44.700 $344,700 $323,900 Additional information for 2022: 1. Net income was $ 32,200, 2. Sales on account were $ 348,800. Additional information for 2022: 1. N 2 3. Net income was $ 32,200 Sales on account were $ 348,800. Cost of goods sold was $ 200,000 The allowance for doubtful accounts was $3,600 at the end of 2022, and $3,800 at the end of 2021. Net cash provided by operating activities was $47.000. Net capital expenditures were $ 24,500, and cash dividends were $ 19,200. 4 5. 6. Calculate the following ratios at December 31, 2022: (Round current ratio, receivables turnover, average collection period, inventory turnover and days in inventory to 1 decimal place, es 5.2:1 or 5.2. Use 365 days for calculation) :1 (a) Current ratio times (b) Receivables turnover days (c) Average collection period times (d) Inventory turnover days (e) Days in inventory Free cash flow Attempts: 0 of 3 used Submit