14-9 lendell company - what is the free cash flow?

ULLULITUR FULL CREEN PRINTER VERSION BACK NE 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 545,500. 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, e.g. 1.67. Round Accounts recevable turnover, Average collection period, Inventory turnover and Days in inventory to I decimal place, e.g. 1.6.)