Question kinder company has these comparative balance sheet, Ask an Expert

Accounting

Question: Kinder Company has these comparative balance sheet data: KINDER COMPANY Balance Sheets December 31 2014 2013

Cash $ 21,510 $ 43,020

Accounts receivable (net) 100,380 86,040

Inventory 86,040 71,700

Plant assets (net) 286,800 258,120 $494,730 $458,880

Accounts payable $ 71,700 $ 86,040

Mortgage payable (15%) 143,400 143,400

Common stock, $10 par 200,760 172,080

Retained earnings 78,870 57,360 $494,730 $458,880

Additional information for 2014:

1. Net income was $27,600.

2. Sales on account were $381,100. Sales returns and allowances amounted to $29,600.

3. Cost of goods sold was $202,200.

4. Net cash provided by operating activities was $57,500.

5. Capital expenditures were $26,800, and cash dividends were $19,200. Compute the following ratios at December 31, 2014. (Round all answers to 2 decimal places, e.g. 1.83.)

(a) Current ratio. :1

(b) Accounts receivable turnover. times

(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. $

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92588794

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - convertible preferred stocklove company issued

Question - Convertible Preferred Stock Love Company issued LDDEI shares of convertible preferred stock, $1,000 par, for 103 (103% of face value) on June 30, 2014. Each preferred share was convertible into 10 shares of co ...

Question - on january 1 park corporation and strand

Question - On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows: Park Strand Current assets $ 115,000 $ 22,150 Noncurrent assets 93,000 44,100 Total assets $ 208,000 $ 66,250 Curr ...

Question - bob smith borrowed 200000 on january 1 2015 the

Question - Bob Smith borrowed $200,000 on January 1, 2015. The interest rate of 8% is compounded semiannually to be repaid January 1, 2025. To repay this Bob wants to start making five equal annual deposits into fund tha ...

Assignmentplease read the following economist article that

Assignment Please read the following economist article that is attached at the end of this instruction paper: "The Future of Jobs The onrushing wave Previous technological innovation has always delivered more long-run em ...

Question - what are the steps to find the expected stock

Question - What are the steps to find the expected stock value in 5 years if it is expected to pay $4.5 per share next year, required return is 12.2 percent and the growth rate is 3.4 percent?

Question - calculate social security taxes medicare taxes

Question - Calculate Social Security taxes, Medicare taxes and FIT for Jordon Barrett. He earns a monthly salary of $11,900. He is single and claims 1 deduction. Before this payroll, Barrett's cumulative earnings were $1 ...

Question - for the next six months rushford designs

Question - For the next six months, Rushford Designs projects the following information (in units). July Aug. Sept. Oct. Nov. Dec. Retail demand 300 300 450 600 600 600 Dealer demand 600 750 1,050 1,200 1,200 1,350 Sho ...

Assignment -company name - hewlett packard1 what does your

Assignment - Company name - Hewlett Packard. 1. What does your company produce? 2. Analyze the trends in sales, cost of goods sold, gross profit, and operating income for your manufacturing company. Prepare a trend analy ...

Part a -a explain agency theory and contracts in the

Part A - a) Explain agency theory and contracts in the context of Positive Accounting Research (PAT)? b) What is the bonus hypothesis of PAT? c) Explain what 'creative accounting' is and can it explain the behaviour of c ...

Question - nutty co gourmet snacks currently sells their

Question - Nutty Co. Gourmet Snacks currently sells their Gourmet Deluxe Gift Basket for 53% each. Nutty Co. currently holds 2B percent of the market share for high-end gift baskets. The marketing manager believes that t ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert