Exercise 13-9

Kinder Company has these comparative balance sheet data:

Additional information for 2014:

1.		Net income was $25,000.
2.		Sales on account were $375,000. Sales returns and allowances amounted to $25,000.
3.		Cost of goods sold was $198,000.
4.		Net cash provided by operating activities was $48,000.
5.		Capital expenditures were $25,000, and cash dividends were $10,000.

Here's what I have so far:

(Round all answers to 2 decimal places, e.g. 1.83.)

I need help with ( f ), ( g ), and ( h ). Thanks!

KINDER COMPANY Balance Sheets December 31 2014 2013 Cash Accounts receivable (net) Inventory Plant assets (net) $ 30,000 60,000 50,000 $15,000 70,000 60,000 Accounts payable Mortgage payable (15%) Common stock, $10 par Retained earnings $50,000 100,000 140,000 $ 60,000 100,000 120,000 40 345,000 (a) Current ratio. (b) Accounts receivable turnover. (c) Average collection period. (d) Inventory turnover. (e) Days in inventory. (f) Cash debt coverage ratio. (g) Current cash debt coverage ratio. (h) Free cash flow. 2.9 :1 5.38 times 67.84 days 3.6 times 101.38 days times times