Additional information for 2027: 1. Net income was $30,500. 2. Sales on account...
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Additional information for 2027: 1. Net income was $30,500. 2. Sales on account were $393,100. Sales returns and allowances amounted to $28,000. 3. Cost of goods sold was $207,600. 4. Net cash provided by operating activities was $57,200. 5. Capital expenditures were $29,300, and cash dividends paid were $15,200. 6. The bonds payable are due in 2040. Compute the following ratios at December 31, 2027. (Round current ratio to 2 decimal places, e.g. 1.83. Round accounts receivable turnover, average collection period, inventory turnover and days in inventory to 1 decimal place, e.g. 1.8. Use 365 days for calculation.)
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Additional information for 2027: 1. Net income was $30,500. 2. Sales on account were $393,100. Sales returns and allowances amounted to $28,000. 3. Cost of goods sold was $207,600. 4. Net cash provided by operating activities was $57,200. 5. Capital expenditures were $29,300, and cash dividends paid were $15,200. 6. The bonds payable are due in 2040. Compute the following ratios at December 31, 2027. (Round current ratio to 2 decimal places, e.g. 1.83. Round accounts receivable turnover, average collection period, inventory turnover and days in inventory to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) 