Lundell Company has these comparative bance sheet dat Lendell Company Balance Sheets December 31 Cash $15.000 $29.000 Accounts receivable 9000 000 61.000 51.000 Plante 204000 175.000 5349.000 $100 550.000 500 Accounts payable More payable Common stock 510 por 145.000 Additional information for 2020 1. Neticow $25.000 2 Sales on count were $413.650. Sales return and wances amounted to $20.200 3 Cost of good old was $196,000 4 Net cash provided by operati v es was $6.200 5 Capital expenditures were $22.600 and condividends were $10.700 1.67. Round Accounts receivable turne Compute the following ratios at December 31, 2000 Round current rate to 2 decimal places collection period, every turnover and Days in inventory to 1 decimal place 16. Additional information for 2020: 1. Net income was $25.000 2. Sales on account were 5413,650. Sales returns and allowances amounted to $20,200. 3. Cost of goods sold was $196,000, 4. Net cash provided by operating activities was $46,200 5. Capital expenditures were $22,600, and cash dividends were $10,700. 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, c.3, 1.6.) (a) Current ratio (b) Accounts receivable turnover times c) Average collection period days id) Inventory turnover le) Days in inventory If Free cash flow e Textbook and Media Attempts: 1 of 3 used Submit Answer Save for Later 2 Assignment sent to Gradebook Your grade is being recorded El 1960.24MA New York Next >