Sheridan Company has these comparative balance sheet data: 2016 SHERIDAN COMPANY Balance Sheets December 31 2017 Cash $ 33,105 Accounts receivable (net) 154,490 Inventory 132,420 Plant assets (net) 441,400 $761,415 $ 66,210 132,420 110,350 397,260 $706,240 Accounts payable Mortgage payable (15%) Common stock, $10 par Retained camnings $ 110,350 220,700 308,980 121,385 $761,415 $ 132,420 220,700 264,840 88,280 $706,240 Additional information for 2017: 1. Net income was $31,700. 2. Sales on account were $395,400. Sales returns and allowances amounted to $29,700. 3. Cost of goods sold was $226,500. 4. Net cash provided by operating activities was $58,400. 5. Capital expenditures were $26,700, and cash dividends were $20,500. Compute the following ratios at December 31, 2017. (Round current ratio and inventory turnover to 2 decimal places, e.g. 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. times (c) Average collection period. days (d) Inventory turnover. times (e) Days in inventory. days (1) Free cash flow