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. Question 1 of 3 > -/12 III Additional information for 2022: 1. 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 tumover, average collection period, Inventory turnover and days in Inventory to 1 decimal place, e8.5.21 or 5.2. Use 365 days for calculation.) (a) Current ratio : 1 (b) Receivables turnover times (c) Average collection period days (d) Inventory turnover times ( le) ( Days in inventory days $ () Free cash flow Save for Later Attempts: 0 of 3 used Submit