Exercise 13-9 Hendi Company has these comparative balance sheet data: HENDI COMPANY Balance Sheets December 31 2012 2011 Cash $ 15,855 $ 31,710 Receivables (net) 73,990 63,420 Inventories 63,420 52,850 Plant assets (net) 211,400 190,260 $364,665 $338,240 Accounts payable $ 52,850 $ 63,420 Mortgage payable (15%) 105,700 105,700 Common stock, $10 par 147,980 126,840 Retained earnings 58,135 42,280 $364,665 $338,240 Additional information for 2012: 1. Net income was $32,000. 2. Sales on account were $376,900. Sales returns and allowances amounted to $29,900. 3. Cost of goods sold was $228,700. 4. Net cash provided by operating activities was $58,300. 5. Capital expenditures were $26,800, and cash dividends were $17,300. Compute the following ratios at December 31, 2012. (Round all answers to 2 decimal places, e.g. 1.83.) (a) Current ratio :1 (b) Receivables 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