signment ESS Exercise 18-09 Lendell Company has these comparative balance sheet data: Balance Sheets 31 9) Cash s 15,00o 31,000 Accounts receivable (net) 69,000 60,00o 60,000 49,000 203,000 177,000 $347,000 $317,000 $50,000 $59,800 Mortgage payable (15%) 110,000 110,000 Common stock, $10 par 143,00 123,000 24,200 $347,000 317,000 Inventory Plant assets (net) dv Accounts payable Retained earnings 44,000 Additional information for 20201: 1. Net income was $24,400. 2. Sales on account were $412,850. Sales returns and allowances amounted to $19,400. 3. Cost of goods sold was $196,200. 4. Net cash provided by operating activities was $46,300. 5. Capital expenditures were $22,400, and cash dividends were $10,800. Compute the following ratios at December 31, 2020. (Round current ratio to 2 decimal places, e.g. 1.67. Round Accounts receiv LOs All Rights Reserved. A Divisian of ere to search 2. Sales on account were $412,8s0. Sales returns and allowances amounted to $19,400. 3. Cost of goods sold was $196,200. 4. Net cash provided by operating activities was $46,300. s. Capital expenditures were $22,400, and cash dividends were $10,800. Compute the following ratios at December 31, 2020. (Round current ratio to 2 decimal places, e-g. 1.67. Round Accounts recelvable turnover, Average collection period, Inventory turnover and Days in inventory to 1 decimal place, e.g. 1.6 (a) Current ratio 2.9 :1 (b) Accounts receivable turnover 1.27 times 67 days 3.6 times 100 days (c) Average collection period (a) Inventory turnover (e) Days in inventory (t) Free cash flow Click if you would like to Show Work for this question: Qeen Show.wock Question Att empts: 0 o v.& Rona Jos. All Rights Reserved. A Division of 2ahn Wisy &Sonalos here to search