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Lendell Company has these comparative balance sheet data: Lendell Company Balance Sheets December 31 2020 2019 Cash $ 15,000 $ 29,000 Accounts receivable (net) 71,000

Lendell Company has these comparative balance sheet data:

Lendell Company Balance Sheets December 31

2020

2019

Cash $ 15,000 $ 29,000
Accounts receivable (net) 71,000 60,000
Inventory 60,000 50,000
Plant assets (net) 199,000 178,000
$345,000 $317,000
Accounts payable $50,000 $60,600
Mortgage payable (15%) 105,500 105,500
Common stock, $10 par 142,000 121,000
Retained earnings 47,500 29,900
$345,000 $317,000

Additional information for 2020:

1. Net income was $25,100.
2. Sales on account were $412,400. Sales returns and allowances amounted to $19,400.
3. Cost of goods sold was $198,000.
4. Net cash provided by operating activities was $46,100.
5. Capital expenditures were $22,800, and cash dividends were $10,600.

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

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