Question: Exercise 13-9 Your answer is partially correct. Try again. Kinder Company has these comparative balance sheet data: KINDER COMPANY Balance Sheets December 31 2014 Cash

 Exercise 13-9 Your answer is partially correct. Try again. Kinder Company

Exercise 13-9 Your answer is partially correct. Try again. Kinder Company has these comparative balance sheet data: KINDER COMPANY Balance Sheets December 31 2014 Cash Accounts receivable (net) Inventory Plant assets (net) s 31,035 144,830 124,140 413,800 $ 62,070 124,140 103,450 72.420 Accounts payable Mortgage payable (15%) Common stock, $10 par Retained earnings $103,450 124,140 206,900 248,280 206,900 289,660 113795 82,760 $713,805$662,080 Additional information for 2014: 1. Net income was $28,300. 2. Sales on account were $393,400. Sales returns and allowances amounted to $28,600. 3. Cost of goods sold was $199,700. 4. Net cash provided by operating activities was $58,800. 5. Capital expenditures were $29,800, and cash dividends were $21,800. Compute the following ratios at December 31, 2014. (Round all answers to 2 decimal places, (a) Current ratio. (b) Accounts receivable turnover (c) Average collection period. (d) Inventory turnover (e) Days in inventory. (f) Cash debt coverage ratio. (a) Current cash debt coverage ratio 2.9 2.71 times 134.69 days 1.75 times 208.57 days times times (h) Free cash flow Click if you would like to Show Work for this question: pen Show Work LINK TO TEXT

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