IVANHOE COMPANY Balance Sheets December 31 2020 Cash $ 23,535 Accounts receivable (net) 109,830 Inventory 94,140 Plant assets (net) 313,800 $541,305 Accounts payable $ 78,450 Mortgage payable (15%) 156,900 Common stock, $10 par 219,660 Retained earnings 86,295 $541,305 2019 $ 47,070 94,140 78,450 282,420 $502,080 $ 94,140 156,900 188,280 62,760 $502,080 Additional information for 2020: 1. Net income was $28,800. 2. Sales on account were $377,300. Sales returns and allowances amounted to $27,000. 3. Cost of goods sold was $222,500. 4. Net cash provided by operating activities was $58,000. 5. Capital expenditures were $28,600, and cash dividends were $19,400. Compute the following ratios at December 31, 2020. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other an: decimal place, e.g. 1.8. Use 365 days for calculation.) (a) Current ratio. (b) Accounts receivable turnover. times (c) Average collection period. days (d) Inventory turnover. times (e) Days in inventory. days (f) Free cash flow. $