Question 4 of 7 Lendell Company has these comparative balance sheet data: Lendell Company Balance Sheets December 31 2020 2019 Cash $ 14,000 $ 29,000 Accounts receivable (net) 71,000 61,000 Inventory 60,000 50,000 Plant assets (net) 205,000 184,000 $350,000 $324,000 Accounts payable $50,000 $59,800 Mortgage payable (15%) 110,000 110,000 Common stock, $10 par 141,000 120,000 Annon Question 4 of 7 2 Til Common stock $10 par 141.000 120.000 Retained earnings 49.000 34.200 $350,000 $324,000 Additional information for 2020 1 2 3 Net income was $24.400 Sales on account were $409.300. Sales returns and allowances amounted to $19,900 Cost of goods sold was $198.000. Net cash provided by operating activities was $44,800. Capital expenditures were 525 400, and cash dividends were $9.300. 4. 5. Compute the following ratios at December 31, 2020, (Round current ratio to 2 decimal places, es. 167. Round Accounts receivable turnover Average collection period, Inventory turnover and Days in inventory to 1 decimal place, s. 16) Compute the following ratios at December 31, 2020. (Round current ratio to 2 decimal places, 03. 1.67. Round Accounts receivable turnover , Average collection period, Inventory turnover and Days in Inventory to 1 decimal place, es 1.6.) (a) Current ratio :1 (b) Accounts receivable turnover times (c) Average collection period days (d) Inventory turnover times (e) Days In inventory days (1) Free cash flow $ Sve for Lite Attempts: 0 of 1 used Submit