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Exercise 13-9 Wildhorse Co. has these comparative balance sheet data: Cash Accounts receivable (net) Inventory...

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Exercise 13-9 Wildhorse Co. has these comparative balance sheet data: Cash Accounts receivable (net) Inventory Plant assets (net) WILDHORSE CO. Balance Sheets December 31 2017 $ 26,295 122,710 105,180 350,600 $604,785 $ 87,650 175,300 245,420 96,415 $604,785 2016 $ 52,590 105,180 87,650 315,540 $560,960 $ 105,180 175,300 210,360 70,120 $560,960 Accounts payable Mortgage payable (15%) Common stock, $10 par Retained earnings Additional information for 2017: 1. Net Income was $26,200. 2. Sales on account were $100,400. Sales returns and allowances amounted to $28,500. 3. Cost of goods sold was $225,300 4. Net cash provided by operating activities was $59.100. 5. Capital expenditures were $27.600, and cash dividends were $16,600 deurt rate and over to decimal places 1.8 and all other answers to I decimal Compute the following ratios at December 31, 2017. ( place . 1.8. Use 365 days for calculation) (a) Current ratio (1) Accounts receivable turnover times (c) Average collection period (d) Inventory turnover times (0) Days in inventory. Free cash flow

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