*Exercise 13-09 Your answer is partially correct. Try again. Crane Company has these comparative balance sheet data: Cash Accounts receivable (net) Inventory Plant assets (net) CRANE COMPANY Balance Sheets December 31 2022 $ 33,900 158,200 135,600 452,000 2021 $ 67,800 135,600 113,000 406,800 $779,700 $723,200 Accounts payable Mortgage payable (15%) Common stock, $10 par $ 113,000 226,000 316,400 124,300 $779,700 $ 135,600 226,000 271,200 90,400 Retained earnings $723,200 Additional information for 2022: 1. Net income was $29,200. 2. Sales on account were $379,100. Sales returns and allowances amounted to $28,000. 3. Cost of goods sold was $203,800. 4. Net cash provided by operating activities was $58,000. 5. Capital expenditures were $27,500, and cash dividends were $19,600. Compute the following ratios at December 31, 2022. (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. 3.29 (b) Accounts receivable turnover. (c) Average collection period. (d) Inventory turnover. (e) Days in inventory. (f) Free cash flow. 12.39 times [152.72 days 11.64 times 1222.56 days $110900