(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 $ $ Lendell Company Balance Sheets December 31 2020 2019 Cash $ 14,000 $ 30,000 Accounts receivable (net) 69,000 59,000 Inventory 61,000 50,000 Plant assets (net) 197,000 183,000 $341,000 $322,000 Accounts payable $50,000 $60,300 Mortgage payable (15%) 100,000 100,000 145,000 116,000 Common stock, $10 par Retained earnings 46,000 45,700 $341,000 $322,000 Additional information for 2020: 1. Net income was $24,500. 2. 3. 3. Sales on account were $410,600. Sales returns and allowances amounted to $20,200. Cost of goods sold was $199,800. Net cash provided by operating activities was $45,900. Capital expenditures were $23,200, and cash dividends were $10,400. 4. 5