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 2013 Cash $ 34,965 $ 69,930 Accounts receivable (net) 163,170 139,860 Inventory 139,860 116,550 Plant assets (net) 466,200 419,580 $804,195 $745,920 Accounts payable $ 116,550 $ 139,860 Mortgage payable (15%) 233,100 233,100 Common stock, $10 par 326,340 279,720 Retained earnings 128,205 93,240 $804,195 $745,920 Additional information for 2014: 1. Net income was $31,100. 2. Sales on account were $382,600. Sales returns and allowances amounted to $26,100. 3. Cost of goods sold was $200,400. 4. Net cash provided by operating activities was $57,700. 5. Capital expenditures were $27,300, and cash dividends were $21,800. 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