Question 4 of 5 Sheffield Company Balance Sheets December 31 Accounts receivable (net) Inventory Plant assets (net) Accounts payable Bonds payable (15%) Common stock, $10 par Retained earnings 2022 $ 15,000 69,000 60,000 203,000 $347,000 $50,000 110,000 143,000 44,000 2021 $ 31,000 60,000 49,000 177,000 $317,000 $59,800 110,000 123,000 24,200

Sheffield Company has these comparative balance sheet data: Additional information for 2022: 1. Net income was $24,400. 2. Sales on account were $412,850. Sales returns and allowances amounted to $24,400. 3. Cost of goods sold was $196,200. 4. Net cash provided by operating activities was $46,300. 5. Capital expenditures were $22,400, and cash dividends paid were $10,800. 6. The bonds payable are due in 2035. Compute the following ratios at December 31.2022 (Round current ratio to 2 decimal places, es. 1.67. Round Accounts receivable tumover, Averoge collection period, Inventory turnover and Days in inventory to 1 decimal place, eg. 1.6.) Compute the following ratios at December 31, 2022. (Round current ratio to 2 decimal places, eg. 1.67. Round Accounts receivable tumover, Average collection period, Inventory tumover and Days in imventory to 1 decimal place, es. 1.6.) (a) Currentratio (b) Accounts receivable turnover 1 (c) Average collection period times: (d) Inventory turnover times (e) Daysininventory days (f) Freecash flow days