Question: Ivanhoe Company has these comparative balance sheet data: Additional information for 2025 : 1. Net income was $27,000. 2. Sales on account were $375,000. Sales


Ivanhoe Company has these comparative balance sheet data: Additional information for 2025 : 1. Net income was $27,000. 2. Sales on account were $375,000. Sales returns and allowances amounted to $25,000. 3. Cost of goods sold was $192,000. 4. Net cash provided by operating activities was $54,000. 5. Capital expenditures were $30,000, and cash dividends paid were $11,500. 6. The bonds payable are due in 2038. Compute the following ratios at December 31,2025 . (Round current ratio and imventory tumover to 2 decimal places, es 1.83 and all other onswers to 1 decimal place, eg 1.8. Use 365 days for calculotion.) a. Currentratio b. Accounts receivable turnover 1 c. Average collection period times d. Inventory turnover days e. Days in inventory times f. Freecash flow days
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