Compute the following ratios at December 31, 2020. (Round current ratio to 2 decimal places, eg....

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Compute the following ratios at December 31, 2020. (Round current ratio to 2 decimal places, eg. 1.67. Round Accounts receivable turnover, Average collection period, Inventory turnover and Days in inventory to 1 decimal place,eg. 1.6.) (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 eTextbook and Media Save for Later Attempts: unlimited Submit Answer Lendell Company has these comparative balance sheet data: Lendell Company Balance Sheets December 31 2020 2019 Cash $ 16,000 $ 31.000 Accounts receivable (net) 70,000 61,000 Inventory 61,000 51,000 Plant assets (net) 197,000 177,000 $344,000 $320,000 Accounts payable $50,000 $60,300 Mortgage payable (15%) 109,500 109,500 Common stock, $10 par 135,500 118,000 Retained earnings 49,000 32.200 $344,000 $320,000 Additional information for 2020: 1. Net income was $25,300. 2. Sales on account were $413,400. Sales returns and allowances amounted to $20,400. 3. Cost of goods sold was $196.000. 4. Net cash provided by operating activities was $45,500. 5. Capital expenditures were $24,000, and cash dividends were $10,000. Compute the following ratios at December 31, 2020. (Round current ratio to 2 decimal places, eg. 1.67. Round Accounts receivable turnover, Average collection period, Inventory turnover and Days in inventory to 1 decimal place,eg. 1.6.) (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 eTextbook and Media Save for Later Attempts: unlimited Submit Answer Lendell Company has these comparative balance sheet data: Lendell Company Balance Sheets December 31 2020 2019 Cash $ 16,000 $ 31.000 Accounts receivable (net) 70,000 61,000 Inventory 61,000 51,000 Plant assets (net) 197,000 177,000 $344,000 $320,000 Accounts payable $50,000 $60,300 Mortgage payable (15%) 109,500 109,500 Common stock, $10 par 135,500 118,000 Retained earnings 49,000 32.200 $344,000 $320,000 Additional information for 2020: 1. Net income was $25,300. 2. Sales on account were $413,400. Sales returns and allowances amounted to $20,400. 3. Cost of goods sold was $196.000. 4. Net cash provided by operating activities was $45,500. 5. Capital expenditures were $24,000, and cash dividends were $10,000.