Question: Carla Vista Co. has these comparative balance sheet data: ort CARLA VISTA CO. Balance Sheets December 31 2022 2021 Cash Accounts receivable (net) Inventory Plant

Carla Vista Co. has these comparative balance sheet data: ort CARLA VISTA CO. Balance Sheets December 31 2022 2021 Cash Accounts receivable (net) Inventory Plant assets (net) $ 25,215 $50,430 117,670 100,860 100,860 84,050 336,200 302,580 $579,945 $537,920 $ 84,050 $ 100,860 168,100 168,100 235,340 201,720 92,455 67,240 $579,945 $537.920 Accounts payable Mortgage payable (15%) Common stock, $10 par Retained earnings Additional information for 2022: 1. Net Income was $27,300. 2. Sales on account were $388,000. Sales returns and allowances amounted to $26,500. 3. Cost of goods sold was $213,200 4. Net cash provided by operating activities was $56,400. 5. Capital expenditures were $27,800, and cash dividends were $13,300. Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal places, es. 1.83 and all other answers to 1 Accounts payable Mortgage payable (15%) $579,945 $537,920 $ 84,050 $ 100,860 168,100 168,100 235,340 201.720 92,455 67,240 $579,945 $537,920 Common stock, $10 par Retained earnings Additional information for 2022: 1. Net income was $27,300. 2. Sales on account were $388,000. Sales returns and allowances amounted 3. Cost of goods sold was $213,200. 4. Net cash provided by operating activities was $56,400. 5. Capital expenditures were $27,800, and cash dividends were $13,300 decimal places, e.. 1.83 and all other answers to 1 Compute the following ratios at December 31, 2022.(Round current ratio and inventory turnover 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 i Free cash flow
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