@ Week 8: Homework Question 2 of 5 < > Current Attempt in Progress Blossom Company has these comparative balance sheet data: Blossom Company Balance Sheets December 31 2025 2024 Cash $14,000 $28,000 Accounts receivable (net) 73,000 64,000 Inventory 57,000 49,000 Plant assets (net) 220,000 200,000 $364,000 $341,000 Accounts payable $36,000 $49,000 Bonds payable (15%) 130,000 130,000 Common stock, $10 par 142,000 122,000 Retained earnings 56,000 40,000 $364,000 $341,000 education.wiley.com -/8 E 1 Week 8: Homework education.wiley.com Question 2 of 5 < > 1. Net income was $26,500. 2. Sales on account were $355,000. Sales returns and allowances amounted to $29,000. 3. Cost of goods sold was $204,000. 4. Net cash provided by operating activities was $51,000. 5. Capital expenditures were $25,000, and cash dividends paid were $10,500. 6. The bonds payable are due in 2038. -18 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 b. Accounts receivable turnover C. Average collection period d. Inventory turnover e. Days in inventory f. Free cash flow :1 times days times days