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Business, 09.09.2019 18:20 k211

Cullumber company has these comparative balance sheet data: cullumber company balance sheets december 31 2017 2016 cash $ 16,350 $ 32,700 accounts receivable (net) 76,300 65,400 inventory 65,400 54,500 plant assets (net) 218,000 196,200 $376,050 $348,800 accounts payable $ 54,500 $ 65,400 mortgage payable (15%) 109,000 109,000 common stock, $10 par 152,600 130,800 retained earnings 59,950 43,600 $376,050 $348,800 additional information for 2017: 1. net income was $34,000. 2. sales on account were $383,300. sales returns and allowances amounted to $26,600. 3. cost of goods sold was $200,600. 4. net cash provided by operating activities was $59,000. 5. capital expenditures were $26,400, and cash dividends were $16,500. compute the following ratios at december 31, 2017. (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. $ click if you would like to show work for this question: open show work

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