Exercise 1:

Kinder Company has these comparative balance sheet data:

Additional information for 2014:

1. Net income was $34,900.

2. Sales on account were $391,900. Sales returns and allowances amounted to $29,400.

3. Cost of goods sold was $208,500.

4. Net cash provided by operating activities was $59,300.

5. Capital expenditures were $28,600, and cash dividends were $13,700.

Compute the following ratios at December 31, 2014. (Round all answers to 2 decimal places,

(a) Current ratio.  :1
(b) Accounts receivable turnover.  times
(c) Average collection period.  days
(d) Inventory turnover.  times
(e) Days in inventory.  days
(f) Cash debt coverage ratio.  times
(g) Current cash debt coverage ratio.  times
(h) Free cash flow. $

Exercise 2:

The condensed financial statements of Elliott Company for the years 2013 and 2014 are presented below.

Compute the following ratios for 2014 and 2013. (Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.)

(a) Current ratio.
(b) Inventory turnover. (Inventory on December 31, 2012, was $360.)
(c) Profit margin.
(d) Return on assets. (Assets on December 31, 2012, were $2,710.)
(e) Return on common stockholders' equity. (Equity on December 31, 2012, was $950.)
(f) Debt to assets ratio.
(g) Times interest earned.

Brief Exercise 3:

Vertical analysis (common-size) percentages for Capuano Company's sales, cost of goods sold, and expenses are listed here.

Calculate Capuano's net income as a percent of sales.

Brief Exercise 4: (Part Level Submission)

The following data are taken from the financial statements of Filbert Company.

Compute for each year the receivable turnover ratio. At the end of 2012, accounts receivable was $560,900. (Round answers to 1 decimal place, e.g. 12.5.)