Sheridan Company has these comparative balance sheet data: Sheridan Company Balance Sheets December 31 2025 2024 Cash $15,000 $30,000 Accounts receivable (net) 73,000 52,000 Inventory 63,000 50,000 Plant assets (net) 220,000 200,000 $371,000 $332,000 Accounts payable $69,000 $78,000 Bonds payable (15%) 100,000 100,000 Common stock, $10 par 150,000 114,000 Retained earnings 52,000 40,000 $371,000 $332,000 Additional information for 2025: 1. Net income was $24,000. Sales on account were $390,000. Sales returns and allowances amounted to $24,000. 2. 3. Cost of goods sold was $204,000. 4. Net cash provided by operating activities was $53,000. 5. Capital expenditures were $25,000, and cash dividends paid were $12,000. 6. The bonds payable are due in 2038. Compute the following ratios at December 31, 2025. (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 :1 b. Accounts receivable turnover C. Average collection period d. Inventory turnover e. Days in inventory f. Free cash flow $ eTextbook and Media Save for Later times days times days Attempts: 0 of 15 used Submit