Question: Pharoah Company has these comparative balance sheet data: Additional information for 2022 : 1. Net income was $29,500. 2. Sales on account were $392,000. Sales

 Pharoah Company has these comparative balance sheet data: Additional information for2022 : 1. Net income was $29,500. 2. Sales on account were

Pharoah Company has these comparative balance sheet data: Additional information for 2022 : 1. Net income was $29,500. 2. Sales on account were $392,000. Sales returns and allowances amounted to $29,300. 3. Cost of goods sold was $201,900. 4. Net cash provided by operating activities was $56,200. 5. Capital expenditures were $30,000, and cash dividends were $15,100. 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. :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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