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Question 3 of 8 - 75 E View Policies Current Attempt in Progress Crane Company has these comparative balance sheet data: CRANE COMPANY Balance Sheets December 31 2022 2021 Cash $ 13,650 $ 27.300 Accounts receivable (net) 63.700 54,600 Inventory 54,600 45,500 Plant assets (net) ) 182,000 163.800 $313.950 $ 291,200 Accounts payable $ 45,500 $ 54,600 91,000 91,000 Mortgage payable (15%) Common stock, $10 par 127,400 109.200 Retained earnings 50.050 36,400 $313.950 $ 291,200 Additional information for 2022: 1. Net income was $ 27,900. 2. Sales on account were $382.300. Sales returns and allowances amounted to $ 29,000. 3. Cost of goods sold was $ 207,500. Net cash provided by operating activities was $ 57,000. 5. Capital expenditures were $ 28,900, and cash dividends were $ 17,900. Compute the following ratios at December 31, 2022. (Round current ratio to 2 decimal places, eg. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) (a) Current ratio. 2.9 :1 (b) Accounts receivable turnover. 6.0 times (c) Average collection period. days (d) Inventory turnover. times le) Days in inventory days (f) Free cash flow. $ Save for Later Attempts: 0 of 1 used Submit