Lendell Company has these comparative balance sheet data: Lendell Company Balance Sheets December 31 2020 2019 Cash $ 16,000 $ 30,000 Accounts receivable (net) 70,000 59,000 Inventory 59,000 49,000 Plant assets (net) 200,000 179,000 $345,000 $317,000 Accounts payable $50,000 $59,000 Mortgage payable (15%) 106,500 106,500 Common stock, $10 par 142,000 125,000 Retained earnings 46,500 26,500 $345,000 $317,000 Additional information for 2020: 1. Net income was $25,600. Additional information for 2020: 1. Net income was $25,600. 2. 3. Sales on account were $406,800. Sales returns and allowances amounted to $25,600. Cost of goods sold was $199,800 Net cash provided by operating activities was $45,700. Capital expenditures were $23,600, and cash dividends were $10,200. 4 5. 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 2.90 -1 (b) Accounts receivable turnover 5 times (c) Average collection period 65 days d (d) Inventory turnover 3.7 times le) Days in inventory 99 days (1) Free cash flow $ 11.200