Question 7 of 9 Blossom Company has these comparative balance sheet data: Blossom Company Balance Sheets December 31 2022 2021 Cash $ 14,000 $ 29,000 Accounts receivable (net) 69,000 59,000 Inventory 59,000 49.000 Plant assets (net) 195,000 175,000 $337,000 $312,000 Accounts payable $50,000 $59.000 Bonds payable (15%) 100,000 100.000 Common stock, $10 par 135,000 115.000 Retained earnings 52.000 38.000 $337,000 $312.000 $337.000 $312.000 Additional information for 2022 1. 2 3. Net income was $24,000 Sales on account were $403,000. Sales returns and allowances amounted to $19,000. Cost of goods sold was $194,400. Net cash provided by operating activities was $44.000 Capital expenditures were $27.000, and cash dividends paid were $8,500 The bonds payable are due in 2035. 4. 5. 5. . 6. Compute the following ratios at December 31, 2022. (Round current ratio to 2 decimal places, es: 1.67. Round Accounts recevable turnover, Average collection period, Inventory turnover and Days in inventory to 1 decimal place. 28. 16) -1 (a) Current ratio times (b) Accounts receivable turnover WESLUIT 6. The bonds payable are due in 2035. Compute the following ratios at December 31, 2022. (Round current ratio to 2 decimal places, og 1.67. Round Accounts receivable turnover Average collection period, Inventory turnover and Days in Inventory to 1 decimal place, s. 16) (a) Current ratio (b) Accounts receivable turnover times days (c) Average collection period times (d) Inventory turnover days lel Days in inventory (0) Free cash flow e Textbook and Media