Question: Additional information for 2 0 2 5 : Net income was $ 2 4 , 5 0 0 . Sales on account were $ 4

Additional information for 2025:
Net income was $24,500.
Sales on account were $400,000. Sales returns and allowances amounted to $24,000.
Cost of goods sold was $208,000.
Net cash provided by operating activities was $53,000.
Capital expenditures were $15,000, and cash dividends paid were $13,500.
The bonds payable are due in 2038.
Compute the following ratios at December 31,2025.(Round current ratio and inventory turnover to 2 decimal ploces, es.1.83 and all answers to 1 decimal place, e.1.8. Use 365 days for calculation.)
a. Current ratio
:1
b. Accounts receivable turnover
times
c. Average collection period
days
d. Inventory turnover
times
e. Days in inventory
days
f. Free cash flow
$
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