Current Attempt in Progress

Lendell Company has these comparative balance sheet data:

Lendell Company Balance Sheets December 31
		2020			2019
Cash		$ 16,000			$ 29,000
Accounts receivable (net)		71,000			59,000
Inventory		59,000			49,000
Plant assets (net)		205,000			182,000
		$351,000			$319,000
Accounts payable		$50,000			$59,300
Mortgage payable (15%)		106,500			106,500
Common stock, $10 par		141,500			124,500
Retained earnings		53,000			28,700
		$351,000			$319,000

Additional information for 2020:

1.		Net income was $24,000.
2.		Sales on account were $404,100. Sales returns and allowances amounted to $20,600.
3.		Cost of goods sold was $199,800.
4.		Net cash provided by operating activities was $45,100.
5.		Capital expenditures were $24,800, and cash dividends were $9,600.

Compute the following ratios at December 31, 2020. (Round current ratio to 2 decimal places, e.g. 1.67. Round Accounts receivable turnover, Average collection period, Inventory turnover and Days in inventory to 1 decimal place, e.g. 1.6.)

(a)		Current ratio		enter the Current ratio rounded to 2 decimal places	:1
(b)		Accounts receivable turnover		enter the Accounts receivable turnover rounded to 1 decimal place	times
(c)		Average collection period		enter the Average collection period rounded to 1 decimal place	days
(d)		Inventory turnover		enter the Inventory turnover rounded to 1 decimal place	times
(e)		Days in inventory		enter the Days in inventory rounded to 1 decimal place	days
(f)		Free cash flow		$enter a dollar amount