Carla Vista Co. has these comparative balance sheet data: CARLA VISTA CO.
Balance Sheets
December 31
2022 2021
Cash $ 16,140 $ 32,280
Accounts receivable (net) 75,320 64,560
Inventory 64,56 53,800
Plant assets (net) 215,200 193,680
$371,220 $344,320
Accounts payable $ 53,800 $ 64,560
Mortgage payable (15%)107,600 107,600
Common stock, $10 par 150,640 129,120
Retained earnings 59,180 43,040
$371,220 $344,320
Additional information for 2022:
1. Net income was $32,500.
2. Sales on account were $392,900. Sales returns and allowances amounted to $27,300.
3. Cost of goods sold was $217,300.
4. Net cash provided by operating activities was $57,200.
5. Capital expenditures were $30,000, and cash dividends were $19,000.
Compute the following ratios at December 31, 2022. (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
(b) Accounts receivable turnover.
(c) Average collection period.
(d) Inventory turnover.
(e) Days in inventory.
(f) Free cash flow.

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.