Exercise 13-9

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Kinder Company has these comparative balance sheet data:

KINDER COMPANY Balance Sheets December 31
2014	2013
Cash	$34,290	$68,580
Accounts receivable (net)	160,020	137,160
Inventory	137,160	114,300
Plant assets (net)	457,200	411,480
$788,670	$731,520
Accounts payable	$114,300	$137,160
Mortgage payable (15%)	228,600	228,600
Common stock, $10 par	320,040	274,320
Retained earnings	125,730	91,440
$788,670	$731,520

Additional information for 2014:

1.	Net income was $28,200.
2.	Sales on account were $393,000. Sales returns and allowances amounted to $29,500.
3.	Cost of goods sold was $229,000.
4.	Net cash provided by operating activities was $59,500.
5.	Capital expenditures were $29,000, and cash dividends were $17,700.

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
(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.	$