Lendell Company Balance Sheets December 31 2020 2019 Cash $ 15,000 $29,000 Accounts receivable (net) 69,000 60,000 Inventory 61,000 51,000 Plant assets (net) 204,000 178,000 $349,000 $318,000 Accounts payable $50,000 $60,500 Mortgage payable (15%) 108,000 108,000 Common stock, $10 par 145,000 122,000 Retained earnings 46,000 27,500 $349,000 $318,000 Additional information for 2020: 1. Net income was $25,000. 2. Sales on account were $413,650. 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. * ***** (a) Current ratio *** RESOURCES 2. Sales on account were $413,650. 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 40NH Compute the following ratios at December 31, 2020. (Round current ratio to 2 decimal places, e wwwwwww (a) Current ratio rew (b) Accounts receivable turnover times sults by ective mm (c) Average collection period days (d) Inventory turnover 3.5 times (e) Days in inventory invento 104.29 days XL (f) Free cash flow Click if you would like to Show Work for this question: Open Show Work wwwww LINK TO TEXT Www wwwwwww www NE