Question: Wildhorse Company has these comparative balance sheet data: Additional information for 2025 : 1. Netincome was $23,500. 2. Sales on account were $400,000. Sales returns


Wildhorse Company has these comparative balance sheet data: Additional information for 2025 : 1. Netincome was $23,500. 2. Sales on account were $400,000. Sales returns and allowances amounted to $21,000. 3. Cost of goods sold was $200,000. 4. Net cash provided by operating activities was $60,000. 5. Capital expenditures were $35,000, and cash dividends paid were $10,000. 6. The bonds payable are due in 2038. Compute the following ratios at December 31, 2025. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.s. 1.8. Use 365 days for calculation.)
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