(Answered) Question - kinder company has these comparative balance

Accounting

Question - Kinder Company has these comparative balance sheet data:

KINDER COMPANY Balance Sheets December 31
	2014	2013
Cash	$ 34,110	$ 68,220
Accounts receivable (net)	159,180	136,440
Inventory	136,440	113,700
Plant assets (net)	454,800	409,320
	$784,530	$727,680
Accounts payable	$ 113,700	$ 136,440
Mortgage payable (15%)	227,400	227,400
Common stock, $10 par	318,360	272,880
Retained earnings	125,070	90,960
	$784,530	$727,680

Additional information for 2014:

1. Net income was $26,300.

2. Sales on account were $388,000. Sales returns and allowances amounted to $28,500.

3. Cost of goods sold was $208,000.

4. Net cash provided by operating activities was $59,000.

5. Capital expenditures were $28,000, and cash dividends were $18,700.

Compute the following ratios at December 31, 2014.

(a) Current ratio.

(b) Accounts receivable turnover.

(d) Inventory turnover.

(e) Days in inventory.

(f) Cash debt coverage ratio.

(g) Current cash debt coverage ratio.

(h) Free cash flow.

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