ctice Assignment Gradebook ORION Downloadable eTextbook ment Lundell Company has these comparative balance sheet data Lendell Company Balance Sheets December 31 2020 2019 Cash $ 14,000 $29,000 Accounts receivable (net) 71,000 59,000 Inventory 50,000 49,000 Plant assets (net) 202,000 177,000 $347,000 $314,000 Accounts payable $50,000 $59,300 Mortgage payable (15%) 109,500 109,500 Common stock, $10 par 138,500 125,000 Retained earnings 49,000 20,200 $347,000 $314,000 Additional information for 2020: 1. Net Income was $24.400 2. Sales on account were $416,400. Sales retums and allowances amounted to $19,900 3. Cost of goods sold was $201.650 4. Net cash provided by operating activities was $45,000 5. Capital expenditures were $25,000, and cash dividends were $9.500 Compute the following ratios at December 31, 2020. (Round current ratio to 2 decimal places, .g. 1.67. Round Accounts receivable turnover Average g. 1.6.) CES Retained earnings 49,000 20,200 $347,000 $314,000 Additional information for 2020: zudy 1. Net income was $24,400. 2. Sales on account were $416,400. Sales returns and allowances amounted to $19,900. 3. Cost of goods sold was $201,650. 4. Net cash provided by operating activities was $45,000. 5. Capital expenditures were $25,000, and cash dividends were $9,500. Compute the following ratios at December 31, 2020. (Round current ratio to 2 decimal places, Inventory turnover and Days in inventory to 1 decimal place, e.g. 1.6.) (a) Current ratio times (b) Accounts receivable turnover (c) Average collection period (d) Inventory turnover days times (e) Days in inventory days (f) Free cash flow LINK TO TEXT