Question: Additional information for 2022: 1. 2. 3. 4. 5. Net income was $29,200. Sales on account were $379,100. Sales returns and allowances amounted to $28,000,

Additional information for 2022: 1. 2. 3. 4. 5. Net income was $29,200. Sales on account were $379,100. Sales returns and allowances amounted to $28,000, Cost of goods sold was $203,800 Net cash provided by operating activities was $58,000. Capital expenditures were $27,500, and cash dividends paid were $19,600 The bonds payable are due in 2035. 6. Compute the following ratios at December 31, 2022. (Round current ratio to 2 decimal places, eg. 1.83. Round accounts receivable turnover, average collection period, inventory turnover and days in inventory to 1 decimal place, eg. 1.8. Use 365 days for calculation. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45) (a) :1 (b) times (c) Current ratio. Accounts receivable turnover. Average collection period. Inventory turnover Days in inventory. days (d) times le) days (0) Free cash flow. $
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
