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Flounder Corporation's comparative balance sheets are presented below. -112.5 FLOUNDER CORPORATION Balance Sheets December...

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Accounting

Flounder Corporation's comparative balance sheets are presented below.

$- 112.5$

FLOUNDER CORPORATION

Balance Sheets

December $31$

$2022$

$2021$

Cash

$ $12, 000$

$ $5.600$

Accounts receivable

$17, 900$

$26, 100$

Inventory

$12, 700$

$9.700$

Land

$33, 700$

$29, 700$

Building

$75, 700$

$75.700$

Accumulated depreciation

$(16, 700)$

$(13, 700)$

Total

$135, 300$

$133, 100$

Accounts payable

$19.000$

$32, 800$

Common stock $($ $ $5$ par $)$

$73, 500$

$73, 500$

nes

$42, 800$

$26.800$

Total

$135, 300$

$133.100$

Flounder's $2022$ income statement included net sales of $ $117, 000,$ cost of goods sold of $ $77.000,$ and net income of $ $28, 500 .$

Compute the following ratios for $2022 . ($ Round Debt to total assets ratio to $1$ decimal place, eg $18$ and all percentage and days answers to $0$ decimal places, e g $18$ or $25 %$ and all other answers to $2$ decimal places, e g $. 1.83$ : Use $365$ days for calculation. $)$

$(3)$ Currentratio

$($ b $)$ Accounts receivables turnover

Average collection period

days

$($ c $)$

Inventory turnover

Days in inventory

days

$($ d $)$

Profit margin

$%$

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