Question: Sunland Company has these comparative balance sheet data: Additional information for 2022: 1. Net income was $24,100. 2. Sales on account were $410,200. Sales returns

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

Sunland Company has these comparative balance sheet data: Additional information for 2022: 1. Net income was $24,100. 2. Sales on account were $410,200. Sales returns and allowances amounted to $20,200. 3. Cost of goods sold was $198,000. 4. Net cash provided by operating activities was $45,800. 5. Capital expenditures were $23,400, and cash dividends paid were $10,300. 6. The bonds payable are due in 2035 . Compute the following ratios at December 31, 2022. (Round current ratio to 2 decimal places, e.g. 1.67. Round Accounts receivable turnover, Average collection period, Inventory turnover and Days in inventory to 1 decimal place, e.g. 1.6.)

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