Question: Pharoah Company has these comparative balance sheet data: Additional information for 2022 : 1. Net income was $31,100. 2. Sales on account were $387,800. Sales

 Pharoah Company has these comparative balance sheet data: Additional information for

Pharoah Company has these comparative balance sheet data: Additional information for 2022 : 1. Net income was $31,100. 2. Sales on account were $387,800. Sales returns and allowances amounted to $27,500. 3. Cost of goods sold was $225,600. 4. Net cash provided by operating activities was $59,300. 5. Capital expenditures were $26,400, and cash dividends paid were $21,700. 6. The bonds payable are due in 2035 . 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 e.g. (45).)

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