Question Details

(solution) Exercise 13-9 Your answer is partially correct. Try again. Kinder


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 $ 34,290 $ 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. $



Kinder Company has these comparative balance sheet data:

 

KINDER COMPANY

 

Balance Sheets

 

Dec-31

 

Cash

 

Accounts receivable (net)

 

Inventory

 

Plant assets (net)

 

Accounts payable

 

Mortgage payable (15%)...

 


Solution details:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Jan 30, 2021

PRICE: $15

Solution~0001001350.zip (25.37 KB)

Buy this answer for only: $15

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free solution (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Jan 30, 2021

EXPERT

Tutor

ANSWER RATING

GET INSTANT HELP/h4>

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.

Order Now